The housing in Davis, CA (95616) is quite expensive compared to the US median value of $338,100. The median value for housing in Davis is $773,900 which is over 130% higher than the US median. In the past year, housing appreciation in Davis was only 3.56%, much lower than the US rate of 8.27%. This could be due to a number of factors, such as low inventory or limited job opportunities available in the area that would encourage young households to invest in homes and move into the area. Overall, it appears that although housing prices are high in Davis, they do not seem to be appreciating at a rapid rate.
The median home cost in Davis (zip 95616) is $773,900. Home appreciation the last 10 years has been 147.6%. Home Appreciation in Davis (zip 95616) is up 9.7%.
Average Age of Homes
- The median age of Davis (zip 95616) real estate is 40 years old
The Rental Market in Davis (zip 95616)
- Renters make up 59.0% of the Davis (zip 95616) population
- 1.5% of houses and apartments in Davis (zip 95616), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.