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Davis

Learn about the people, housing, costs and businesses in Davis, Iowa

Median Home$131,300
Median Rent$777/month
Population172
Leading IndustriesWholesale Trade · Finance & Insurance · Construction13% wholesale trade
Home Value Growth⬆⬆+19.9% over 2 years
Retirees22% of residentsnear the national average
Homeowners88% of occupied units
NotableAffordable Market$131k median home · lower cost than 80% of the country
Davis City
IA

Frequently Asked Questions

What are today's mortgage rates in Davis?

As of today, the 30-year fixed mortgage rate for Davis is approximately 6.979% (7.018% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Davis?

The median home value in Davis is $131k. The median monthly rent is $777. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Davis?

Home values in Davis have increased 19.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Davis?

Based on a typical all-in ownership cost of $819/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Davis is $72k/year.

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What industries drive the economy in Davis?

The largest employment sectors in Davis are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.