Davidson, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Davidson Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Davidson Housing Market Information

With 12,207 people, 3,950 houses or apartments, and a median cost of homes of $412,140, 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 64.70% of the town's housing units. Other types of housing that are prevalent in Davidson include large apartment complexes or high rise apartments ( 18.34%), row houses and other attached homes ( 14.80%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.16%).

The most prevalent building size and type in Davidson are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.68% owning and 35.32% renting.

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 ( 39.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.09%). There's also some housing in Davidson built before 1939 ( 4.39%).

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 11.56%, which ranks in the top 30% nationwide. This equates to an annual average Davidson house appreciation rate of 1.10%.

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 6.60%, which is higher than appreciation rates in 78.58% 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 1.88%, which equates to an annual appreciation rate of 7.72%.

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 higher than 80% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$412,140

Davidson, NC HOME PRICES

Value Range
> $1,189,000 3.1
$892,001 - $1,189,000 6.6
$595,001 - $892,000 22.7
$476,001 - $595,000 16.4
$357,001 - $476,000 13.4
$238,001 - $357,000 17.1
$119,001 - $238,000 19.2
$59,001 - $119,000 0.9
$0 - $59,000 0.6

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
8.88315949841791 3.08529945553539

Number Of Homes And Apartments:
3,950

Davidson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.45% 2.74% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,042 / per month

Homeownership Rate

Homeownership
Owners 64.68
Renters 35.32
Vacant 7.36

Housing Market Details

 

Age of Homes

AGE OF Davidson HOMES
2000 or Newer 39.8
1970 - 1999 47.7
1940 - 1969 8.1
1939 or Older 4.4

Types of Homes

TYPE OF Davidson HOMES
Single-Family 64.7
Townhomes 14.8
Small Apt. Buildings 2.2
Apt. Complexes 18.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Davidson HOMES
No Bedroom 0.00
1 Bedroom 3.03
2 Bedrooms 19.44
3 Bedrooms 41.79
4 Bedrooms 24.09
5 or more bedrooms 11.66