If you’ve noticed the housing market stinks lately, there’s a specific reason why in Davenport.
One of my favorite things to do is scroll through Zillow and look at all of the neat houses I’ll never be able to afford. It’s no secret the housing market as a whole has been messy, but that’s especially true of Davenport.
New data from WalletHub looked at the best real estate markets, of multiple sizes, in the country. They compared the 300 locales and looked at 17 metrics that were divided into 2 main categories:
- Real Estate Market (which included metrics like home value forecast, median home-price appreciation, and more)
- Affordability and Economic Environment (which looked at things like home affordability, job growth rate, etc.)
So if 1 is the Best and 150 is average, let’s review Davenport’s stats. In individual metrics, Davenport ranked:
- 271st – Share of Seriously Underwater Mortgages
- 174th – Median Days on the Market
- 283rd – Median Home-Price Appreciation
- 282nd – Job Growth Rate
- 260th – Foreclosure Rate
- 239th – % of Delinquent Mortgage Holders
- 150th – Maintenance Costs as % of Income
Overall, Davenport ranked 286th overall and 129th among small cities.
So it’s not looking good…