Davenport, Iowa Housing Market Prices
Davenport Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% above the Iowa median$162,001
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Median rent 1% above the Iowa median$977
Housing Market Overview
| Metric | Davenport | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,001 | $153,425 | $248,835 |
| Price Trend (Annual %) | 8.8% | 7.5% | 7.5% |
| Median Gross Rent | $977 | $971 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Davenport is about 6% higher than in Iowa. Rent is about 1% higher than the Iowa average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Davenport, up about 8.8% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Davenport rose about 38.3% between 2015 and 2024, from $706 to $977. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Davenport.
Buying the median-priced home in Davenport costs roughly 13.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Davenport. The price-to-rent ratio in Iowa is about 13.2.
| Metric | Davenport | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,001 | $153,425 | $248,835 |
| Median Household Income | $67,866 | $75,133 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Davenport rose about 56.7%, while median household income rose about 49.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Davenport | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 65.6% | 58.5% |
| Rental Rate | 34.2% | 25.9% | 31.2% |
| Vacancy Rate | 7.7% | 8.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Davenport has a homeownership rate of 58.1%, lower than the Iowa average of 65.6%. Its housing vacancy rate is 7.7%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Davenport | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1965 | 1971 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Davenport was built around 1965. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 12.0 years on average.
Davenport, IA Housing Compared With Nearby Cities
How Davenport, IA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Davenport, IA | 101,249 | $162,001 #2/2 | $977 #2/2 | 63.0% #2/2 |
| Bettendorf, IA | 36,915 | $181,029 | $1,182 | 74.1% |
Frequently Asked Questions
Common questions about the housing market in Davenport, Iowa.
What is the median home price in Davenport, Iowa?
The median home price in Davenport, Iowa is $162,001, higher than the Iowa average of $153,425.
What is the average home price in Davenport, Iowa?
The typical home price in Davenport, Iowa, reported as the median sale price, is $162,001. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Davenport, Iowa?
The median gross rent in Davenport, Iowa is $977 per month, higher than the Iowa average of $971.
What was the median gross rent in Davenport in 2020?
In 2020, the median gross rent in Davenport, Iowa was $786 per month.
What is the price-to-rent ratio in Davenport, Iowa?
The price-to-rent ratio in Davenport, Iowa is about 13.8, meaning it would take roughly 13.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Davenport.
Are home prices or rent rising faster in Davenport, Iowa?
Both home prices and rent are rising in Davenport, up about 8.8% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Davenport, Iowa?
58.1% of households in Davenport, Iowa own their home, lower than the Iowa average of 65.6%.
What is the vacancy rate in Davenport, Iowa?
The housing vacancy rate in Davenport, Iowa is 7.7%, lower than the Iowa average of 8.5%.
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