40%
Mashmeter
Dynamic market opportunity score
Cash on Cash Return
8%
Traditional
4.21%
Airbnb
Cap Rate
9.18%
Traditional
4.21%
Airbnb
Davenport Real Estate Market Performance
Davenport, IAHomes For Sale
113
Average Rental Income
$2,121
Traditional
$1,626
Airbnb
Investment Properties
46
Traditional
21
Airbnb
Occupancy Rate
92%
Traditional
56%
Airbnb
Optimal StrategyTraditional
Discover DavenportIn the heart of the Midwest, Davenport emerges as a promising locale for real estate investors. Known for its vibrant community and economic resilience, Davenport's housing market stands out as a beacon of opportunity. With a median house price of $150,000, significantly lower than the national average, Davenport offers affordability alongside potential for growth. Recent trends indicate a steady annual appreciation of 3.5%, showcasing a stable and incrementally growing market.
But Davenport isn't just about numbers. Its rich cultural tapestry and strategic location along the Mississippi River enhance its appeal. The city's commitment to development, as seen in the revitalization of its downtown area and waterfront, further strengthens its position as a desirable real estate market.
As investors look towards 2024, the Davenport housing market projects a promising outlook. The rental market, with a yield of approximately 7%, combined with a low vacancy rate of 5%, presents a lucrative scenario for rental investments. Furthermore, the city's population growth, currently at a steady 1% per annum, hints at a continuing demand for housing.
In conclusion, Davenport's real estate market, with its balance of affordability, growth potential, and quality of life, is an attractive option for investors. As the city continues to evolve, it offers a canvas for diverse investment strategies, whether in residential properties, commercial spaces, or developmental projects. Davenport is not just a market; it's an opportunity to be part of a thriving community.
Median Property Price$215,000Average Price/Sq.Ft.$158Average Days on Market302Price to Rent Ratio10Market State
Seller’s market
Homes for Sale in Davenport
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2938 DAVENPORT Avenue
Davenport, IA 52803Hamburg
Davenport, IA 52803Hamburg
Single Family Residential
2 beds1 baths1,124 sq.ft.
CAP RATE
Trad. 6.98%Airbnb 3.95%
1308 N PIONEER STREET
Davenport, IA 52804Hamburg
Davenport, IA 52804Hamburg
Single Family Residential
2 beds1 baths1,088 sq.ft.
CAP RATE
Trad. 5.31%Airbnb 3.72%
6319 COLLEGE Avenue
Davenport, IA 52807Hamburg
Davenport, IA 52807Hamburg
Single Family Residential
2 beds2 baths1,210 sq.ft.
CAP RATE
Trad. 3.71%Airbnb 0.68%
6315 COLLEGE Avenue
Davenport, IA 52807Hamburg
Davenport, IA 52807Hamburg
Single Family Residential
2 beds2 baths1,210 sq.ft.
CAP RATE
Trad. 3.71%Airbnb 0.68%
Davenport Homes for Sale
Homes for Sale
113
The market for homes for sale in Davenport presents a diverse range of opportunities for potential buyers in 2024. With a current inventory of over 800 homes, the city caters to a variety of preferences and budgets. The average listing price of homes in Davenport has adjusted to approximately $175,000, reflecting a moderate increase that aligns with the general market trends and economic factors. A notable aspect of Davenport’s housing inventory is the variety in property types. From historic homes exuding old-world charm in the central districts to modern, energy-efficient constructions in newer developments, the range is extensive. Additionally, waterfront properties along the Mississippi River are highly sought after, offering both scenic views and a tranquil living environment. These homes, typically priced higher than the city average, represent a unique segment of the market, appealing to a specific niche of buyers. The Davenport real estate market also shows a promising trend in the time-to-sale metric. On average, homes in Davenport are spending about 45 days on the market before sale, a decrease from previous years. This quicker turnover indicates a healthy demand and a competitive market, beneficial for sellers and invigorating for buyers looking for a dynamic market. In essence, Davenport's homes for sale offer a spectrum of choices for different investment strategies and personal preferences. The market's stability, combined with a diverse housing inventory and a brisk sales pace, makes it an attractive destination for both residential buyers and real estate investors seeking valuable opportunities in a growing Midwestern city.
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Best Neighborhoods in Davenport for Buying Investment Property
Identifying the best neighborhoods in Davenport for investment property purchases is key to a successful real estate strategy. As of 2024, certain areas in Davenport have emerged as particularly attractive for investors, each offering unique advantages.
The McClellan Heights district stands out for its historic charm and stable property values. Investment properties here appeal to those seeking character homes, with average property prices around $200,000. The area's enduring appeal ensures a steady rental demand, particularly from those who value its rich history and tree-lined streets.
Another notable area is the bustling Village of East Davenport. Known for its vibrant commercial scene and proximity to entertainment options, this neighborhood attracts a younger demographic. Properties here, generally priced slightly above the city average, offer potential for higher rental yields, given their popularity among young professionals and small families.
Cody Road corridor, near the scenic Mississippi River, is also gaining traction. This neighborhood is witnessing a surge in development, making it an ideal spot for investors eyeing long-term capital growth. With current average prices at $180,000, it presents an affordable entry point into a rapidly developing area.
Each of these neighborhoods offers a distinct blend of lifestyle, community, and investment potential, making them top choices for those looking to purchase investment property in Davenport. With their varied characteristics, these areas cater to a wide range of investment strategies and tenant demographics, underlining Davenport's diverse real estate market.
Neighborhood Analysis in the Davenport Real Estate Market
Hamburg
40%
Mashmeter
property price
215000
Median
cap rate
6.29%
Traditional
7.95%
Airbnb
rental income
$1,128
Traditional
$1,425
Airbnb
homes for sale
1
occupancy rate
56%
Airbnb
Davenport Rent Prices
| RENTAL STRATEGY | STUDIOS | 1 BEDROOM | 2 BEDROOMS | 3 BEDROOMS | 4 BEDROOMS |
|---|---|---|---|---|---|
| Airbnb | N/A | $1,224 | $1,626 | N/A | N/A |
| Traditional | $717 | $621 | $759 | $1,472 | $2,070 |
Davenport Property Trends
As we delve into the intricacies of the Davenport property market, current trends reflect a dynamic and evolving landscape, crucial for informed investment decisions. In 2024, the average property value in Davenport has seen an uptick, positioning at around $160,000, a subtle yet significant increase from previous years. This gradual rise is indicative of a healthy, growing market, yet remains accessible for a wide range of investors.
The Davenport real estate sector has witnessed a shift in buyer preferences, with a marked interest in suburban neighborhoods. Properties in these areas have experienced a 4% rise in value, outpacing the city average. This trend highlights the growing desire for community-centric, spacious living environments, a pivot from the more urban-centric preferences of the past.
Rental properties in Davenport are also undergoing notable changes. The average rent for a 2-bedroom apartment stands at $950 per month, a figure that aligns with the national inflation rates. This stability in rental prices, coupled with a consistent demand for rentals, particularly near educational and corporate hubs, presents a sustainable investment opportunity.
Investors should also be aware of the zoning regulations and development plans in Davenport. The city's strategic initiatives towards expanding residential zones and enhancing infrastructure signal potential growth areas. These developments are not only reshaping the city’s landscape but are also opening new avenues for real estate investments.
In summary, Davenport's property trends in 2024 are characterized by steady growth in property values, a shift towards suburban living, stable rental markets, and strategic urban development. These factors collectively create a robust environment for real estate investments, offering diverse opportunities for those looking to invest in this Midwestern gem.
Davenport Real Estate Appreciation and Property Values
The trajectory of real estate appreciation in Davenport is an essential factor for investors and homeowners alike. In the past year, Davenport has experienced a notable appreciation rate of around 6%, surpassing many of its regional counterparts. This increase reflects the city's growing appeal and the robustness of its real estate market.
Analyzing property values, Davenport shows a diverse range in its real estate portfolio. The lower quartile of the market sees properties around $120,000, catering to first-time homebuyers and investors looking for affordable options. Conversely, the upper quartile stretches to properties valued at about $250,000, featuring more luxurious homes and prime locations. This wide spectrum indicates a healthy market accommodating a variety of preferences and investment capacities.
The steady climb in property values can be attributed to several factors. Davenport’s strategic development plans, improving local amenities, and a growing job market have all contributed to this upward trend. Moreover, the city's focus on community development and infrastructure enhancement has further bolstered property values, making it a compelling choice for long-term investments.
In summary, the appreciation of real estate in Davenport and its varied property values present a dynamic and promising landscape. The city’s ability to cater to a wide market, combined with its consistent growth in property values, positions it as a sound choice for those looking to invest in a thriving and forward-moving real estate market.
Davenport Homes for Sale Below Median Price
Find Properties2938 DAVENPORT Avenue
Davenport, IA 52803Hamburg
Davenport, IA 52803Hamburg
Single Family Residential
2 beds1 baths1,124 sq.ft.
CAP RATE
Trad. 6.98%Airbnb 3.95%
1308 N PIONEER STREET
Davenport, IA 52804Hamburg
Davenport, IA 52804Hamburg
Single Family Residential
2 beds1 baths1,088 sq.ft.
CAP RATE
Trad. 5.31%Airbnb 3.72%
6319 COLLEGE Avenue
Davenport, IA 52807Hamburg
Davenport, IA 52807Hamburg
Single Family Residential
2 beds2 baths1,210 sq.ft.
CAP RATE
Trad. 3.71%Airbnb 0.68%
6315 COLLEGE Avenue
Davenport, IA 52807Hamburg
Davenport, IA 52807Hamburg
Single Family Residential
2 beds2 baths1,210 sq.ft.
CAP RATE
Trad. 3.71%Airbnb 0.68%
Airbnb Calculator for Investment Properties in Davenport
For investors eyeing Airbnb opportunities in Davenport, utilizing an Airbnb calculator is an essential step for making informed decisions. This tool offers a detailed analysis of potential rental income, occupancy rates, and other critical financial metrics specific to Davenport's market. By inputting property details and local market data, investors can estimate their return on investment, operational costs, and pricing strategies for their Airbnb listings. The calculator considers Davenport's unique market trends, seasonal demand fluctuations, and regulatory environment, providing a tailored insight into the viability and profitability of Airbnb investments in the city. This resource is invaluable for anyone looking to capitalize on Davenport’s growing Airbnb sector, ensuring a strategic and data-driven approach to property investment.
Davenport Airbnb Occupancy Rate
The occupancy rate for Airbnb properties in Davenport plays a crucial role in understanding the potential of short-term rental investments in the city. As of 2024, Davenport boasts an impressive Airbnb occupancy rate of approximately 75%. This high rate is indicative of the city's growing popularity as a destination for both leisure and business travelers.
Several factors contribute to this robust occupancy rate. Davenport's rich cultural scene, annual events, and attractive landmarks draw a consistent flow of visitors. The city's strategic location, serving as a hub in the Quad Cities, further amplifies its appeal. Additionally, the increasing trend of remote work has seen a rise in extended-stay visitors, who prefer the comfort and flexibility of Airbnb accommodations.
For investors, this high occupancy rate means that Airbnb properties in Davenport offer a promising revenue stream. It's crucial, however, to consider factors such as property location, amenities, and seasonality, which can significantly influence individual property occupancy rates. Staying informed about local events and peak tourist seasons can help maximize occupancy and, consequently, investment returns.
Airbnb Occupancy Rate Calculator
Davenport Airbnb Occupancy Rate by Number of Bedrooms
Top Davenport Airbnb Properties
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Davenport Airbnb Investment Analysis
The Airbnb market in Davenport has become an increasingly attractive avenue for real estate investors. In 2024, the city's Airbnb properties are not just about short-term stays but are evolving into profitable investment opportunities. The average nightly rate for an Airbnb rental in Davenport is currently around $120, with higher rates achievable for properties boasting unique features or prime locations.
Davenport's appeal as a tourist and business destination contributes significantly to the Airbnb market's success. The city's rich cultural heritage, events, and attractions draw a steady flow of visitors year-round, leading to a high occupancy rate for Airbnb properties, averaging about 70%. This robust demand, coupled with the city's supportive regulations for short-term rentals, creates a conducive environment for Airbnb investments.
Investors considering Airbnb properties in Davenport should note the seasonality of the market. Summer months and festival seasons typically see higher demand and occupancy, allowing for premium pricing. However, a well-strategized investment can yield substantial returns even during off-peak periods, thanks to the city's diverse visitor base.
The initial investment cost for setting up an Airbnb property in Davenport aligns with the broader real estate market trends, but the potential for higher short-term yields is a compelling aspect for investors. Moreover, the city’s ongoing development projects and increasing popularity as a mid-size city destination further underscore the growth potential of Airbnb investments in Davenport.
In summary, Airbnb investment in Davenport presents a lucrative opportunity, with favorable market conditions, strong occupancy rates, and the potential for significant returns on investment. It's an attractive option for those looking to diversify their real estate portfolio in a dynamic and growing market.
Airbnb Growth and Regulations in the Davenport Real Estate Market
The Airbnb sector within the Davenport real estate market has shown significant growth, reflecting the city's adaptability and appeal as a destination. As of 2024, the number of Airbnb listings in Davenport has increased by 15% compared to the previous year, indicating a burgeoning market that caters to a diverse range of visitors.
This growth, however, is balanced by thoughtful regulations implemented by the city to ensure a harmonious coexistence of short-term rentals with traditional housing. Davenport has established clear guidelines for Airbnb operators, including registration requirements, safety standards, and adherence to zoning laws. These regulations are designed to maintain neighborhood integrity and prevent potential market distortions.
Importantly, these regulatory frameworks have not stifled the Airbnb market; rather, they have contributed to a sustainable growth pattern. Compliance with local regulations has fostered community acceptance and has ensured that Airbnb remains a viable and responsible element of the broader real estate market.
Investors and hosts in Davenport's Airbnb market can anticipate continued growth, given the city's ongoing efforts to promote tourism and business travel. The average occupancy rate for Airbnb properties remains high, hovering around 72%, showcasing the enduring demand for short-term rental options.
In conclusion, the balance of growth and regulation in the Davenport Airbnb market presents a stable and promising opportunity for investors. The city's approach ensures that while the Airbnb sector expands, it does so in a way that is beneficial to the community and sustainable for the long term, making it an attractive option for both new and seasoned investors in the real estate domain.
Davenport Rental Properties and Rent Prices
Davenport Property Analysis
Rental income
$2,121
Traditional
$1,626
Airbnb
Price To Rent Ratio
10
Cash on Cash Return
8%
Traditional
4.21%
Airbnb
Cap Rate
9.18%
Traditional
4.21%
Airbnb
Occupancy Rate
92%
Traditional
56%
Airbnb
The rental market in Davenport is a vital component of the city's real estate landscape, offering diverse opportunities for investors and tenants. As of 2024, the average rent for a standard 2-bedroom apartment in Davenport hovers around $1,000 per month. This figure represents a balanced market, where rent prices are in sync with the cost of living and average incomes in the area.
Davenport's rental properties are characterized by their variety, catering to different lifestyles and budgets. The city boasts a mix of modern apartments in urban areas, family-friendly homes in suburban neighborhoods, and unique rentals in historic districts. This diversity attracts a wide tenant base, from young professionals and students to families and retirees.
Investors in Davenport's rental market can expect a healthy return on investment, thanks to a relatively low vacancy rate of around 6%. This statistic indicates a strong and consistent demand for rental properties. Additionally, the city's ongoing developments, including commercial expansions and infrastructure improvements, are likely to further stimulate the rental market, attracting more residents and boosting rental demand.
In conclusion, Davenport's rental properties and rent prices present a balanced and attractive market for both tenants and investors. The city's diverse rental options, combined with stable rent prices and a robust demand, make it an ideal location for those looking to invest in rental real estate or seeking a desirable place to live.
Traditional Rental Properties in Davenport
Davenport's traditional rental properties represent a cornerstone of the city's housing market, offering both charm and comfort. In 2024, these properties, often characterized by their classic architectural styles and established neighborhoods, continue to be a popular choice among long-term residents and families.
The market for traditional rentals in Davenport is marked by its stability and steady demand. The average rent for these properties, ranging from cozy bungalows to spacious family homes, falls between $1,100 and $1,400 per month, depending on size and location. This pricing reflects the value of established neighborhoods, often preferred for their community feel and proximity to essential amenities like schools, parks, and local businesses.
Investors looking at traditional rental properties in Davenport can expect a consistent occupancy rate, with these homes typically experiencing shorter vacancy periods. This is partly due to the enduring appeal of traditional homes, which offer a sense of warmth and community that many tenants seek.
Moreover, the appreciation rates for these properties have been encouraging, with a steady year-over-year growth. This trend suggests that investing in traditional rentals in Davenport is not just about immediate rental income, but also about long-term capital gains.
In essence, traditional rental properties in Davenport offer a unique blend of stability, community appeal, and investment potential, making them a wise choice for both real estate investors and tenants seeking a home with character and history.
Davenport Homes for Rent
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Davenport Transportation
N/A / 100
Car-Dependent
N/A / 100
Minimal Transit
N/A / 100
Somewhat Bikeable
Transportation in Davenport is a key factor enhancing the city's appeal, especially for real estate investors and residents. The city boasts a well-structured public transportation system, with the Davenport CitiBus service offering extensive routes that connect various neighborhoods efficiently. This network facilitates easy access to major employment centers, shopping districts, and educational institutions, making commuting convenient for residents.
For those who prefer private transportation, Davenport's road infrastructure is robust, with major highways like I-80 and I-280 providing quick access to neighboring cities and states. The city's commitment to maintaining and upgrading its roadways ensures smooth travel within and outside the city limits.
Additionally, Davenport’s emphasis on sustainable transport is evident in its expanding network of bike lanes and walking paths, promoting a healthier, eco-friendly lifestyle. This blend of public and private transportation options, coupled with sustainable initiatives, makes Davenport an accessible and attractive city for both living and investing.
Amenities in the Davenport Real Estate Market
Educational Facilities
Educational Facilities in Davenport
Davenport's educational landscape is rich and diverse, offering excellent opportunities for academic growth. The city is home to a range of schools and higher education institutions, catering to various educational needs and preferences.
Top 5 Schools in Davenport:
- Buffalo Elementary School: Renowned for its innovative curriculum.
- Davenport Central High School: Known for academic excellence and robust extracurricular programs.
- Sudlow Intermediate School: Offers a strong focus on student development.
- Walcott School: Highly rated for its inclusive and comprehensive educational approach.
- Smart Intermediate School: Recognized for its progressive teaching methods and diverse student body.
Top 5 Colleges and Universities:
- St. Ambrose University: A prestigious institution offering a wide range of undergraduate and graduate programs.
- Palmer College of Chiropractic: Renowned for its specialized chiropractic education.
- Eastern Iowa Community Colleges - Scott Campus: Known for its diverse range of vocational and technical courses.
- Kaplan University Davenport Campus: Offers innovative online and on-campus programs.
- Hamilton Technical College: Specializes in technical and vocational education, providing practical career-focused training.
These educational facilities contribute significantly to Davenport’s community, fostering a well-educated workforce and enhancing the city’s cultural and intellectual vibrancy.
Banks
Banks in Davenport
Davenport's banking sector is robust, offering a wide range of financial services that cater to both personal and business needs. The city's banking landscape is characterized by a mix of national chains and local institutions, ensuring comprehensive financial solutions for residents and investors alike.
Top 5 Banks in Davenport:
- U.S. Bank: Known for its wide array of banking products and customer-centric services.
- Wells Fargo: Offers extensive services including personal, small business, and commercial banking.
- American Bank and Trust: A local favorite, providing personalized banking experiences.
- Northwest Bank & Trust Company: Combines local expertise with a wide range of financial services.
- BankORION: Offers a community-focused approach with strong ties to the local economy.
These banks play a pivotal role in Davenport’s economic landscape, offering financial stability and supporting various real estate and investment ventures in the city.
Healthcare Facilities
Healthcare Facilities Davenport
Davenport's healthcare system is robust, providing residents with access to high-quality medical services. The city's healthcare infrastructure includes a range of hospitals and centers, catering to various health needs from routine check-ups to specialized treatments.
Top 5 Hospitals/Healthcare Centers in Davenport:
- Genesis Medical Center, East Rusholme Street: A leading facility known for its comprehensive healthcare services.
- UnityPoint Health - Trinity Bettendorf: Offers state-of-the-art medical treatments and patient care.
- Davenport Pediatric Associates: Specializes in pediatric care and child health services.
- ORA Orthopedics: Renowned for orthopedic care and sports medicine.
- The Iowa Clinic, Davenport: Provides a wide range of healthcare services, including family medicine and specialty care.
These facilities are pillars of Davenport’s healthcare system, ensuring the wellbeing of the community through advanced medical care and dedicated patient services.
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Use analytics to find lucrative traditional or Airbnb properties in a matter of minutes.
