Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Davison

Learn about the people, housing, costs and businesses in Davison, Michigan

Median Home$181,350
Median Rent$898/month
Population5,076
Leading IndustriesRetail · Transportation · Public Administration19% retail
Home Value Growth⬆⬆+18.6% over 2 years
Retirees22% of residentsnear the national average
Renters52% of occupied units
NotableAmenity Score79/100 · highly walkable area
Davison
MI

Frequently Asked Questions

What are today's mortgage rates in Davison?

As of today, the 30-year fixed mortgage rate for Davison is approximately 7.014% (7.054% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Davison
What is the median home price in Davison?

The median home value in Davison is $181k. The median monthly rent is $898. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Davison?

Home values in Davison have increased 18.6% 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 Davison?

Based on a typical all-in ownership cost of $990/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Davison is $47k/year.

Calculate your buying power
What industries drive the economy in Davison?

The largest employment sectors in Davison are public administration (26%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.