Davenport’s current Zillow ZHVI is $197,010, while ZORI is $949 per month. Annual ZORI divided by ZHVI gives a 5.8% gross yield, before maintenance, management, vacancy, taxes, insurance and financing. The typical city value is 3.0x ACS median household income, and annual market rent equals 17.2% of that income. These are useful screening measures, not a property return or a guarantee of affordability for any household.
The city ACS counts 46,849 housing units and shows renters occupying 37.1% of occupied units, establishing a meaningful rental tenure base without proving lease-up for a particular unit. Its $166,400 median home value concerns owner-reported occupied housing, while its $978 median gross rent concerns renter-occupied housing and includes selected utilities. Zillow’s value and observed market-rent series use different measures and periods, so the ACS figures should neither be substituted for nor averaged with them.
City ACS shows 49.9% of renters are rent-burdened at 30% or more. Single-family homes represent 68.2% of city units and large multifamily buildings 9.4%, framing the broad structure mix rather than available inventory. The city vacancy rate is 7.7%, and 28.1% of vacant units are classified for rent; for-sale and seasonal categories show why total vacancy is not rental availability. Population was 100,913, or 1.2% below the baseline across overlapping ACS vintages; that change is not annualized and may reflect boundary changes. Median household income is $66,200, while the poverty rate is 15.2% and unemployment is 4.6%—descriptive demand constraints, not causes or tenant-level outcomes.
In Scott County, county listings had a 45-day median market time and 10.3% were price-reduced, useful resale context that does not measure Davenport alone. The Davenport metro recorded a 0.6% employment decline, while metro for-sale supply was 1.6 months and 39.7% of metro listings had price drops; these denominators describe the broader metro, not city rental demand. The national Freddie Mac mortgage rate was 6.66%, a financing benchmark rather than a borrower quote.
The central limitation is that city averages cannot reveal a property’s achievable rent, physical condition, tenant turnover, operating costs or resale liquidity. Before underwriting, verify current leases and comparable asking rents, inspect structure and systems, price deferred maintenance, and obtain parcel-specific taxes, insurance and utility responsibility. Then model vacancy, concessions, management, capital reserves and actual loan terms, with sensitivity to lower rent and higher costs.