Davidson County, North Carolina Housing Market Prices
Davidson County 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 59% below the North Carolina median Cheaper than 77% of counties in North Carolina$113,557
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Median rent 27% below the North Carolina median$901
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Davidson County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $113,557 | $278,288 | $248,835 |
| Price Trend (Annual %) | -2.5% | 9.3% | 7.5% |
| Median Gross Rent | $901 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Davidson County is about 59% lower than in North Carolina. Rent is about 27% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Davidson County: home prices fell about 2.5% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Davidson County rose about 37.7% between 2015 and 2024, from $655 to $901. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Davidson County.
Buying the median-priced home in Davidson County costs roughly 10.5 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 Davidson County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Davidson County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $113,557 | $278,288 | $248,835 |
| Median Household Income | $65,085 | $72,438 | $80,455 |
| Price-to-Income Ratio | 1.7 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Davidson County fell about 21.9%, while median household income rose about 39.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Davidson County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.0% | 58.3% | 58.5% |
| Rental Rate | 23.4% | 29.2% | 31.2% |
| Vacancy Rate | 8.6% | 12.5% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Davidson County has a homeownership rate of 68.0%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 8.6%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Davidson County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1984 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Davidson County was built around 1984. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Davidson County, NC Housing Compared With Nearby Counties
Davidson County, NC is the 2nd largest of the 6 counties compared here, 173,005 residents against a local median of 146,354. Davidson County, NC's median home price, at $113,557, runs 55% below the $250,144 typical of the counties around it.
The counties themselves spread $182,259 on median home price, so Davidson County, NC sits at one end of an already wide local range rather than apart from it. Davidson County, NC has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Davidson County, NC | 173,005 | $113,557 #6/6 | $901 #3/6 | 74.4% #3/6 |
| Forsyth County, NC | 389,752 | $170,209 | $1,098 | 63.5% |
| Rowan County, NC | 149,851 | $250,144 | $1,013 | 72.3% |
| Davie County, NC | 44,122 | $352,469 | $867 | 82.2% |
| Randolph County, NC | 146,354 | $212,004 | $886 | 72.5% |
| Stanly County, NC | 64,639 | $296,127 | $861 | 74.5% |
Frequently Asked Questions
Common questions about the housing market in Davidson County, North Carolina.
What is the median home price in Davidson County, North Carolina?
The median home price in Davidson County, North Carolina is $113,557, lower than the North Carolina average of $278,288.
What is the average home price in Davidson County, North Carolina?
The typical home price in Davidson County, North Carolina, reported as the median sale price, is $113,557. 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 Davidson County, North Carolina?
The median gross rent in Davidson County, North Carolina is $901 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Davidson County in 2020?
In 2020, the median gross rent in Davidson County, North Carolina was $716 per month.
What is the price-to-rent ratio in Davidson County, North Carolina?
The price-to-rent ratio in Davidson County, North Carolina is about 10.5, meaning it would take roughly 10.5 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 Davidson County.
Are home prices or rent rising faster in Davidson County, North Carolina?
Home prices and rent are moving in opposite directions in Davidson County: home prices fell about 2.5% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Davidson County, North Carolina?
68.0% of households in Davidson County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Davidson County, North Carolina?
The housing vacancy rate in Davidson County, North Carolina is 8.6%, lower than the North Carolina average of 12.5%.
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