Davenport, Iowa real estate features historic homes along the scenic Mississippi River. With a population of 99,600, Davenport is the third largest city in Iowa. The city is home to a thriving music scene and hosts the Mississippi Valley Blues Festival and the Bix Beiderbeck Memorial Jazz Festival. The distinct style of Davenport real estate reflects the community's rich history. Neighborhoods are within close proximity to many cultural attractions, including the Putnam Museum and IMAX Theatre, Figg Art Museum and Quad City Symphony Orchestra. Iowa real estate provides access to a wide variety of entertainment and recreation activities.

Buying Davenport, Iowa Real Estate

The Iowa real estate market accommodates home buyers from various backgrounds and income levels. Forbes magazine has ranked Davenport as the "Most Affordable Metro Area". Davenport real estate is also ranked 16th in affordability by CNN Money. The average home value in Davenport is $99K. Homeowners make up the largest segment of the Iowa real estate market. In Davenport, 65 percent of the residents are owners of single-family homes. The Iowa real estate market also offers low-cost rentals available on a short or long-term basis. Renters represent 33 percent of the Davenport real estate market. The average monthly rental price is $550 for a one-bedroom apartment.

Real Estate in Davenport Neighborhoods

Iowa real estate is located in some of the most desirable communities in the country. In fact, Davenport received the 2007 Livability Award from the U.S. Conference of Mayors. Davenport is home to 28 neighborhoods divided along the east and west sides of the city. Premier Iowa real estate is located in eastern Davenport neighborhoods. Homes along 53rd street have an average value of $250K, while The Village of the East sits along the Mississippi River and offers historic homes starting at 80K. The Village of the East features Lindsey Park, a former Civil War parade ground. Davenport, Iowa's real estate on the west side of town is inspired by the working-class German population that originally settled there. The Hamburg Neighborhood features German style architecture throughout the Vander Veer Park Historic District.

The thriving local economy strengthens the value of Davenport real estate. Following overall trends in the Iowa real estate market, the percentage of college educated homeowners and renters in Davenport surpass the national average. Davenport has a strong manufacturing industry, yet supports professional and white-collar occupations. Health care, education, and office administration are among the top occupation fields represented in Davenport. The city features predominantly middle-class neighborhoods and the median household income is $40K. Offering a steady economy and unique historic neighborhoods, Iowa real estate purchased in Davenport will remain stable in value with the potential for growth.