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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 13,054, 4,336 total housing units (homes and apartments), and a median house value of $516,698, 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 64.94% of the town's housing units. Other types of housing that are prevalent in Davidson include large apartment complexes or high rise apartments ( 19.55%), row houses and other attached homes ( 13.70%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.68%).

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 69.05% of Davidson's homes, and 58.90% 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 ( 45.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.05%). There's also some housing in Davidson built before 1939 ( 2.45%).

Vacant housing appears to be an issue in Davidson. Fully 11.35% 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 42.89%, which ranks in the top 40% nationwide. This equates to an annual average Davidson house appreciation rate of 3.63%.

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 6.43%, which is higher than appreciation rates in 72.51% 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 1.98%, which equates to an annual appreciation rate of 8.15%.

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.

Average Home Values

 
info

Median Home Value:
$516,698

Davidson, NC HOME PRICES

> $1,171,000
9.3%
9.3%
$878,001 - $1,171,000
9.8%
9.8%
$586,001 - $878,000
20.7%
20.7%
$469,001 - $586,000
16.1%
16.1%
$352,001 - $469,000
13.2%
13.2%
$234,001 - $352,000
20.0%
20.0%
$117,001 - $234,000
9.7%
9.7%
$58,001 - $117,000
0.7%
0.7%
$0 - $58,000
0.6%
0.6%
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:
4,336

Davidson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
88.75% 3.07%
9
7
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,439 / per month

Homeownership Rate

Owners
69.0%
69.0%
Renters
31.0%
31.0%
Vacant
11.3%
11.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
45.4%
45.4%
1970 - 1999
47.1%
47.1%
1940 - 1969
5.1%
5.1%
1939 or Older
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.9%
64.9%
Townhomes
13.7%
13.7%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
19.5%
19.5%
Mobile Homes
0.0%
0.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
4.7%
4.7%
2 Bedrooms
20.3%
20.3%
3 Bedrooms
35.1%
35.1%
4 Bedrooms
23.8%
23.8%
5 or more bedrooms
16.1%
16.1%
0.0% 100.0%
% OF HOMES