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Davidson, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Davidson, NC Housing Market Trends

With 15,106 people, 4,473 houses or apartments, and a median cost of homes of $603,933, Davidson house prices are not only among the most expensive in North Carolina, Davidson real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Davidson, accounting for 67.05% of the town's housing units. Other types of housing that are prevalent in Davidson include large apartment complexes or high rise apartments ( 20.54%), row houses and other attached homes ( 10.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Davidson. Owner-occupied housing accounts for 69.36% of Davidson's homes, and 58.45% have either three or four bedrooms, which is average sized relative to America.

Davidson homes and real estate are some of the newest in America. 49.18% of Davidson's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Davidson real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.08%), and between 1940-1969 ( 5.00%). There's also some housing in Davidson built before 1939 ( 1.74%).

Vacant housing appears to be an issue in Davidson. Fully 10.47% of the housing stock is classified as vacant. Left unchecked, vacant Davidson homes and apartments can be a drag on the real estate market, holding Davidson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Davidson Home Appreciation Rates

Appreciation rates for homes in Davidson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 73.62%, which ranks in the top 40% nationwide. This equates to an annual average Davidson house appreciation rate of 5.67%.

Appreciation rates are so strong in Davidson that despite a nationwide downturn in the housing market, Davidson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Davidson appreciation rates continue to be some of the highest in America, at 17.48%, which is higher than appreciation rates in 73.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Davidson. Davidson appreciation rates in the latest quarter were at 4.90%, which equates to an annual appreciation rate of 21.09%.

Importantly, this makes Davidson one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Davidson's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$603,933

Davidson, NC HOME PRICES

> $1,334,000
$1,001,001 - $1,334,000
$667,001 - $1,001,000
$534,001 - $667,000
$400,001 - $534,000
$267,001 - $400,000
$133,001 - $267,000
$67,001 - $133,000
$0 - $67,000
8.9%
8.9%
10.9%
10.9%
21.4%
21.4%
14.9%
14.9%
15.7%
15.7%
16.9%
16.9%
10.0%
10.0%
0.6%
0.6%
0.7%
0.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NC

Value Relative To Nation

Number Of Homes And Apartments:
4,473

Davidson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
120.24% 3.57%
7
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,179 / per month

Homeownership Rate

Owners
Renters
Vacant
69.4%
69.4%
30.6%
30.6%
10.5%
10.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
49.2%
49.2%
44.1%
44.1%
5.0%
5.0%
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.1%
67.1%
10.7%
10.7%
1.5%
1.5%
20.5%
20.5%
0.0%
0.0%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
6.1%
6.1%
19.6%
19.6%
33.8%
33.8%
24.6%
24.6%
15.9%
15.9%
0.0% 100.0%
% OF HOMES