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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Davidson Housing Market Information

With 12,921 people, 4,273 houses or apartments, and a median cost of homes of $476,582, 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 63.48% 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 ( 14.23%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.57%).

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 69.59% of Davidson's homes, and 60.08% 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. 48.18% 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 ( 44.02%), and between 1940-1969 ( 4.76%). There's also some housing in Davidson built before 1939 ( 3.04%).

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 29.79%, which ranks in the top 50% nationwide. This equates to an annual average Davidson house appreciation rate of 2.64%.

Over the last year, Davidson appreciation rates have trailed the rest of the nation. In the last twelve months, Davidson's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Davidson were at 1.37%, which equates to an annual appreciation rate of 5.60%.

Relative to North Carolina, our data show that Davidson's latest annual appreciation rate is lower than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$476,582

Davidson, NC HOME PRICES

Value Range
> $1,174,000 6.4
$880,001 - $1,174,000 10.3
$587,001 - $880,000 19.7
$470,001 - $587,000 16.4
$352,001 - $470,000 14.9
$235,001 - $352,000 20.5
$118,001 - $235,000 9.7
$59,001 - $118,000 1.4
$0 - $59,000 0.6

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
8.46715328467153 2.53623188405797

Number Of Homes And Apartments:
4,273

Davidson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
80.47% 2.96%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,166 / per month

Homeownership Rate

Homeownership
Owners 69.59
Renters 30.41
Vacant 9.22

Housing Market Details

 

Age of Homes

AGE OF Davidson HOMES
2000 or Newer 48.2
1970 - 1999 44.0
1940 - 1969 4.8
1939 or Older 3.0

Types of Homes

TYPE OF Davidson HOMES
Single-Family 63.5
Townhomes 14.2
Small Apt. Buildings 1.6
Apt. Complexes 20.5
Mobile Homes 0.0
Other 0.2

Home Size

SIZE OF Davidson HOMES
No Bedroom 0.00
1 Bedroom 4.23
2 Bedrooms 21.84
3 Bedrooms 33.84
4 Bedrooms 26.24
5 or more bedrooms 13.85