# Davenport Iowa Residential Rent and Rental Statistics

The **median monthly gross residential rent in Davenport, IA (the Davenport-Moline-Rock Island metro area) was $743 in 2017** according to the Census ACS survey.^{1} **Average gross rent in Davenport was $774 in 2017**. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Davenport median and average rent data will be released in September of 2019.

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.

### Real Gross Rent in Davenport Iowa (2017 dollars)^{2}

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US Median Gross Rent | $1,012 | +1.61% | +5.86% |

Iowa Median Gross Rent | $760 | +0.93% | +4.40% |

Davenport, IA Median Gross Rent | $743 | +1.78% | +5.99% |

## Davenport, IA Real Gross Rent Trends

At $743, real median gross rent in Davenport was at its highest level in 2017 since the series began in 2005. At $774, real average gross rent in Davenport was at its highest level in 2017 since the series began in 2005.

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

## Real Gross Rent History for Davenport

Date | US Median |
Iowa Median |
Davenport, IA Median |
Davenport, IA Average |
---|---|---|---|---|

2017 | $1,012 | $760 | $743 | $774 |

2016 | $996 | $753 | $730 | $748 |

2015 | $987 | $739 | $733 | $758 |

2014 | $956 | $728 | $701 | $723 |

2013 | $924 | $693 | $681 | $727 |

2012 | $912 | $682 | $689 | $713 |

2011 | $912 | $674 | $687 | $713 |

2010 | $927 | $682 | $689 | $712 |

2009 | $931 | $675 | $658 | $686 |

2008 | $947 | $697 | $706 | $705 |

2007 | $899 | $646 | $651 | $660 |

2006 | $909 | $695 | $698 | $686 |

## Davenport Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.^{3} **In 2017 the rental vacancy rate for Davenport Iowa was 12.98%** according to Census ACS data.

### Rental Vacancy Rate in Davenport Iowa

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 6.18% | +0.29% | -0.14% |

Iowa | 7.31% | +1.07% | +1.84% |

Davenport, IA | 12.98% | +3.72% | +3.66% |

## Trends in Davenport, IA Rental Vacancy Rate

At 12.98%, Davenport residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

### Rental Vacancy Rate: Davenport IA, Iowa, US

## Historical Rental Vacancy Rate data for Davenport

Date | US | Iowa | Davenport, IA |
---|---|---|---|

2017 | 6.18% | 7.31% | 12.98% |

2016 | 5.89% | 6.24% | 9.26% |

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% |

## 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 16.46% in 2017** according to the ACS.

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

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 20.13% | -0.30% | -0.76% |

Iowa | 15.57% | -0.24% | -0.31% |

Davenport, IA | 16.46% | +0.05% | +0.47% |

## 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 0.25% to 16.46%.

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

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

Date | US | Iowa | Davenport, IA |
---|---|---|---|

2017 | 20.13% | 15.57% | 16.46% |

2016 | 20.43% | 15.81% | 16.41% |

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% |

## 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 2017 28.70% of households were renters** according to Census ACS data.

### Davenport Fraction of Renters by Household Units

2017 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 36.13% | -0.75% | -0.77% |

Iowa | 28.40% | -0.97% | -0.73% |

Davenport, IA | 28.70% | -0.41% | -1.59% |

## Trends in the Davenport, IA Renter Fraction

The Davenport household renter fraction peaked in in 2013 at 30.79% and is now 2.09% below that level. The origin year for the series is 2005.

### Fraction of Renting Households: Davenport IA, Iowa, US

## History of Davenport Renter Fraction

Date | US | Iowa | Davenport, IA |
---|---|---|---|

2017 | 36.13% | 28.40% | 28.70% |

2016 | 36.88% | 29.37% | 29.11% |

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% |

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. ↩