Davenport, Iowa Housing Market

How much can you negotiate in Davenport?

About as many homes are under contract as are sitting unsold. Neither side is desperate. Your room to negotiate depends on the listing, not the market. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.

A typical Davenport home takes 43 days to find a buyer. Half of them take even longer. That is 17% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 163 homes for sale in Davenport. That is 1.8 times the tightest month on record, but below the peak of 380. Supply is shrinking against last year.

What to do about it

• Judge the listing, not the market. Start in 52802, 52807, and 52806, where sellers are weakest.
• Homes listed 60+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

Is now a good time to buy in Davenport?

Asking prices are 21.6% below their Jun 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Davenport prices rose in just 45 of 108 months. Prices here mostly do not grow. Buy this market for rent income, not for appreciation.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Davenport?

In Davenport, 36 out of every 100 households rent. Most own their home. That share has held steady for five years. Davenport added about 900 renter households in five years. Renter households average 2.1 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 7% in five years. The housing stock grew 4%. Demand is outrunning supply. 7.6% of homes sit empty. That is normal for a healthy market.

The median Davenport household earns $67,061 a year. Incomes here have grown 5.2% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 3.4 times the median income. Locals can afford to buy here. Your exit buyer can be a family, not just another investor. A tenant on the median income can pay about $1,677 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Davenport deal with?

• Price growth to assume — +2.5%/yr. Davenport has grown about 2.5% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices rose 1.4% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 2. A typical home takes 43 days to sell. Budget that long when you exit or refinance.
• Odds you cut your price to sell — 1 in 9. About 12% of homes on the Davenport market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $147/sqft. The average listing runs +14% above the median. Luxury homes skew it. Comp your own size class per sqft.
• Competition when you exit — -9%. That is how much the number of homes for sale shrank in a year. Your resale will face a smaller crowd than today's comps did.
• Price-to-income ratio — 3.4×. A typical home costs 3.4 times the median income. Locals can afford to buy here. Your exit buyer can be a family, not just another investor. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $1,677/mo. 30% of the median household income of $67,061. Rents above this line shrink your tenant pool fast.

Is Davenport a buyer's or seller's market in 2026?

Only on the right house. Neither side has the upper hand in Davenport right now. 104 out of every 100 homes for sale have a buyer, 12% of sellers have cut their price, and a typical home takes 43 days to sell.

Are Davenport home prices going up or down?

Asking prices are 21.6% below their Jun 2023 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Davenport?

Assume +2.5% a year. Davenport has grown about 2.5% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices rose 1.4% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Davenport?

A typical Davenport home takes 43 days to find a buyer. Half of them take even longer. That is 17% faster than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Davenport a renters' market or an owners' market?

In Davenport, 36 out of every 100 households rent. Most own their home. That share has held steady for five years. 7.6% of homes sit empty. That is normal for a healthy market.

What rent can Davenport tenants afford?

A tenant on the median income can pay about $1,677 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Davenport household earns $67,061 a year.

Which Davenport ZIP code has the most negotiating room?

52802. Only 60 out of 100 homes there have a buyer. 12% of sellers there have cut their price, and a typical home takes 68 days to sell.