The typical home in Davenport, IA is worth about $180,000.
With 20% down that's a loan near $144,000 — the calculator
is pre-filled with that figure. Davenport anchors the Quad Cities alongside Illinois's Rock Island and Moline just across the Mississippi River, so buyers routinely compare Iowa's and Illinois's very different property tax systems on homes a few miles apart. John Deere's manufacturing presence gives the area a steadier job base than many similarly-sized Midwest metros.
$934.94 / month
Total interest
$192,577
Total paid
$336,577
Payoff
30.0 years
How much you need to earn
Davenport, IA's median household income is about
$65,000 a year. Under standard 28/36
lending rules that supports a home price around
$209,273 with 20% down —
comfortably above the $180,000 typical price.
Typical asking rent in Davenport, IA is about $1,050 a month, so owning the median home costs roughly
$277 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Davenport, IA?
On the metro's roughly $180,000 typical home with 20% down, the loan is about $144,000. Principal and interest run near $935 a month at today's rate, and Davenport, IA's property tax plus insurance add about $392, for a full payment near $1,327.
Can I afford a home in Davenport, IA on the median income?
The median household income is about $65,000 a year. Under standard 28/36 lending rules that supports a home price around $209,273 with 20% down — above the $180,000 typical price, so a median home is within reach.
Is it cheaper to rent or buy in Davenport, IA?
Typical asking rent is about $1,050 a month. The full owner payment on a median home is near $1,327, so owning costs roughly $277 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Davenport, IA?
The effective property tax rate in the core county is about 1.50% of market value — roughly $2,700 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Davenport, IA rising or falling?
Home values are up about 3% over the past year. Davenport anchors the Quad Cities alongside Illinois's Rock Island and Moline just across the Mississippi River, so buyers routinely compare Iowa's and Illinois's very different property tax systems on homes a few miles apart. John Deere's manufacturing presence gives the area a steadier job base than many similarly-sized Midwest metros.