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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 15,132 people, 5,292 houses or apartments, and a median cost of homes of $631,753, 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 62.99% of the town's housing units. Other types of housing that are prevalent in Davidson include large apartment complexes or high rise apartments ( 20.48%), row houses and other attached homes ( 14.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.38%).
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 70.03% of Davidson's homes, and 55.79% 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. 50.81% 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 ( 42.84%), and between 1940-1969 ( 4.88%). There's also some housing in Davidson built before 1939 ( 1.47%).
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 78.80%, which ranks in the top 50% nationwide. This equates to an annual average Davidson house appreciation rate of 5.98%.
NeighborhoodScout's data show that during the latest twelve months, Davidson's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Davidson's appreciation rate has been 2.51%, which annualizes to a rate of 10.41%.
Relative to North Carolina, our data show that Davidson's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.
$2,624 / per month