Davie County, North Carolina Housing Market Prices
Davie 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 27% above the North Carolina median More expensive than 87% of counties in North Carolina$352,469
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Median rent 29% below the North Carolina median$867
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Davie County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $352,469 | $278,288 | $248,835 |
| Price Trend (Annual %) | 17.7% | 9.3% | 7.5% |
| Median Gross Rent | $867 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Davie County is about 27% higher than in North Carolina. Rent is about 29% lower than the North Carolina 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 Davie County, up about 17.7% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Davie County rose about 28.6% between 2015 and 2024, from $674 to $867. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Davie County.
Buying the median-priced home in Davie County costs roughly 33.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Davie County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Davie County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $352,469 | $278,288 | $248,835 |
| Median Household Income | $75,112 | $72,438 | $80,455 |
| Price-to-Income Ratio | 4.7 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Davie County rose about 112.8%, while median household income rose about 37.5% 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 | Davie County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.6% | 58.3% | 58.5% |
| Rental Rate | 15.9% | 29.2% | 31.2% |
| Vacancy Rate | 10.6% | 12.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Davie County has a homeownership rate of 73.6%, higher than the North Carolina average of 58.3%. Its housing vacancy rate is 10.6%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Davie County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Davie County was built around 1987. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Davie County, NC Housing Compared With Nearby Counties
Davie County, NC is the smallest of the 5 counties compared here, 44,122 residents against a local median of 184,774. Davie County, NC's median home price, at $352,469, runs 85% above the $190,235 typical of the counties around it.
Median rent tells the same story from another angle: $867 against a local median of $1,055, 18% below it. The counties themselves spread $136,587 on median home price, so Davie County, NC sits at one end of an already wide local range rather than apart from it. Davie County, NC has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Davie County, NC | 44,122 | $352,469 #1/5 | $867 #5/5 | 82.2% #1/5 |
| Rowan County, NC | 149,851 | $250,144 | $1,013 | 72.3% |
| Iredell County, NC | 196,543 | $210,260 | $1,252 | 71.9% |
| Forsyth County, NC | 389,752 | $170,209 | $1,098 | 63.5% |
| Davidson County, NC | 173,005 | $113,557 | $901 | 74.4% |
Frequently Asked Questions
Common questions about the housing market in Davie County, North Carolina.
What is the median home price in Davie County, North Carolina?
The median home price in Davie County, North Carolina is $352,469, higher than the North Carolina average of $278,288.
What is the average home price in Davie County, North Carolina?
The typical home price in Davie County, North Carolina, reported as the median sale price, is $352,469. 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 Davie County, North Carolina?
The median gross rent in Davie County, North Carolina is $867 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Davie County in 2020?
In 2020, the median gross rent in Davie County, North Carolina was $730 per month.
What is the price-to-rent ratio in Davie County, North Carolina?
The price-to-rent ratio in Davie County, North Carolina is about 33.9, meaning it would take roughly 33.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Davie County.
Are home prices or rent rising faster in Davie County, North Carolina?
Both home prices and rent are rising in Davie County, up about 17.7% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Davie County, North Carolina?
73.6% of households in Davie County, North Carolina own their home, higher than the North Carolina average of 58.3%.
What is the vacancy rate in Davie County, North Carolina?
The housing vacancy rate in Davie County, North Carolina is 10.6%, lower than the North Carolina average of 12.5%.
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