Department of Numbers

Davenport Iowa Residential Rent and Rental Statistics

The median monthly gross residential rent in Davenport, IA (the Davenport-Moline-Rock Island metro area) was $712 in 2015 according to the Census ACS survey.1 Average gross rent in Davenport was $737 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Davenport median and average rent data will be released in September of 2017.

Data is also available below for Davenport rental vacancy rates, Davenport rent as a percent of median income and the fraction of renters in Davenport.

Show dollars as: Nominal Real

Real Gross Rent in Davenport Iowa (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Iowa Median Gross Rent $718 +1.41% +8.30%
Davenport, IA Median Gross Rent $712 +4.40% +6.27%

Davenport, IA Real Gross Rent Trends

At $712, real median gross rent in Davenport was at its highest level in 2015 since the series began in 2005. At $737, real average gross rent in Davenport was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Davenport: Davenport IA Median, Davenport IA Average, Iowa Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Davenport

Date US
Median
Iowa
Median
Davenport, IA
Median
Davenport, IA
Average
2015 $959 $718 $712 $737
2014 $930 $708 $682 $703
2013 $898 $674 $662 $707
2012 $886 $663 $670 $693
2011 $887 $655 $668 $693
2010 $901 $663 $670 $692
2009 $905 $656 $639 $667
2008 $920 $678 $687 $686
2007 $874 $628 $632 $641
2006 $883 $676 $678 $667
2005 $858 $659 $665 $658

Davenport Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Davenport Iowa was 6.96% according to Census ACS data.

Rental Vacancy Rate in Davenport Iowa

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Iowa 6.41% +0.94% -0.36%
Davenport, IA 6.96% -2.36% +2.39%

Trends in Davenport, IA Rental Vacancy Rate

The rental vacancy rate in Davenport peaked in 2005 at 11.44%. Since then it has fallen by 4.48% to 6.96%. Data records for this series originated in 2005. From a 2008 post peak low of 4.26%, the rental vacancy rate has increased by 2.70%.

Rental Vacancy Rate: Davenport IA, Iowa, US

Rental vacancy rate in Iowa

Historical Rental Vacancy Rate data for Davenport

Date US Iowa Davenport, IA
2015 5.85% 6.41% 6.96%
2014 6.32% 5.47% 9.32%
2013 6.49% 6.03% 8.91%
2012 6.77% 6.77% 4.57%
2011 7.40% 6.64% 5.79%
2010 8.17% 6.38% 4.53%
2009 8.43% 5.97% 9.04%
2008 7.86% 6.80% 4.26%
2007 7.87% 7.54% 8.06%
2006 7.70% 6.28% 6.51%
2005 7.74% 7.17% 11.44%

Rent as a Fraction of Income

Using median household income data for Davenport, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Davenport, median monthly gross rent as a fraction of median household income was 15.40% in 2015 according to the ACS.

Davenport Iowa Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Iowa 15.74% -0.14% +0.17%
Davenport, IA 15.40% -0.59% -0.12%

Trends in Davenport, IA Rent as a Fraction of Income

The fraction of median Davenport household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 16.71%. Since then it has fallen by 1.31% to 15.40%.

Fraction of Income towards Rent: Davenport IA, Iowa, US

Percent of median household income going towards median monthly gross rent in Davenport Iowa

Historical Data for Annual Rent as a Fraction of Income in Davenport Iowa

Date US Iowa Davenport, IA
2015 20.63% 15.74% 15.40%
2014 20.89% 15.88% 15.99%
2013 20.78% 15.60% 15.61%
2012 20.65% 15.57% 15.51%
2011 20.70% 15.61% 16.71%
2010 20.50% 15.74% 16.48%
2009 20.12% 15.26% 14.15%
2008 19.00% 14.87% 15.07%
2007 18.66% 14.39% 14.93%
2006 18.90% 15.75% 15.57%
2005 18.89% 15.38% 15.30%

Renter Fraction in Davenport Iowa

You can calculate the renter fraction in Davenport in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Davenport as a fraction of total Davenport households. In 2015 29.62% of households were renters according to Census ACS data.

Davenport Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Iowa 29.33% +0.20% +1.26%
Davenport, IA 29.62% -0.67% -0.04%

Trends in the Davenport, IA Renter Fraction

The Davenport household renter fraction peaked in in 2013 at 30.79% and is now 1.17% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Davenport IA, Iowa, US

Fraction of renters in Davenport

History of Davenport Renter Fraction

Date US Iowa Davenport, IA
2015 36.97% 29.33% 29.62%
2014 36.90% 29.13% 30.29%
2013 36.50% 29.19% 30.79%
2012 36.09% 28.07% 29.66%
2011 35.42% 27.65% 28.97%
2010 34.65% 27.64% 27.48%
2009 34.13% 27.92% 29.14%
2008 33.36% 27.11% 28.24%
2007 32.80% 26.31% 27.90%
2006 32.73% 26.70% 28.21%
2005 33.10% 26.90% 24.52%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.