Davidson, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Davidson, NC Real Estate Data

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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Davidson Housing Market Information

With a population of 12,684, 4,140 total housing units (homes and apartments), and a median house value of $462,757, 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 62.15% of the town's housing units. Other types of housing that are prevalent in Davidson include row houses and other attached homes ( 18.33%), large apartment complexes or high rise apartments ( 17.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.22%).

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 76.47% of Davidson's homes, and 62.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Davidson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Davidson built between 2000 and later ( 43.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.80%). There's also some housing in Davidson built before 1939 ( 3.67%).

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 20.12%, which ranks in the top 50% nationwide. This equates to an annual average Davidson house appreciation rate of 1.85%.

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 7.34%, which is higher than appreciation rates in 92.11% 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 1.69%, which equates to an annual appreciation rate of 6.93%.

Relative to North Carolina, our data show that Davidson's latest annual appreciation rate is higher than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$462,757

Davidson, NC HOME PRICES

Value Range
> $1,212,000 5.2
$909,001 - $1,212,000 9.1
$606,001 - $909,000 19.7
$485,001 - $606,000 16.3
$364,001 - $485,000 14.3
$243,001 - $364,000 21.5
$121,001 - $243,000 11.8
$60,001 - $121,000 1.4
$0 - $60,000 0.7

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
8.46131386861314 2.71739130434783

Number Of Homes And Apartments:
4,140

Davidson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
76.72% 2.96%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,246 / per month

Homeownership Rate

Homeownership
Owners 76.47
Renters 23.53
Vacant 9.11

Housing Market Details

 

Age of Homes

AGE OF Davidson HOMES
2000 or Newer 43.4
1970 - 1999 47.2
1940 - 1969 5.8
1939 or Older 3.7

Types of Homes

TYPE OF Davidson HOMES
Single-Family 62.2
Townhomes 18.3
Small Apt. Buildings 2.2
Apt. Complexes 17.1
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Davidson HOMES
No Bedroom 0.00
1 Bedroom 3.82
2 Bedrooms 22.28
3 Bedrooms 35.41
4 Bedrooms 27.55
5 or more bedrooms 10.93