The typical owner-occupied home in Davidson is worth about $687,700, 2.4 times the North Carolina median of $288,900 and 2.1 times the national median of $332,700. Owners pay a median $4,668 a year in property taxes, about 0.68% of their home's value, close to the North Carolina rate of 0.66%. The median household earns $166,556 a year, so the median home costs 4.1 times the median income (4.0 times for North Carolina). 80% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Davidson at a glance
| Davidson | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $687,700 | $288,900 | $332,700 |
| Median property tax paid per year | $4,668 | $1,896 | $3,119 |
| Property tax as a share of value | 0.68% | 0.66% | 0.94% |
| Median household income | $166,556 | $72,388 | $80,734 |
| Homes lived in by their owners | 80% | 67% | 65% |
| Owner homes with a mortgage | 69% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,614 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 13.9% | 19.4% | 21.0% |
| Median rent | $1,652 | $1,228 | $1,413 |
| Rent as a share of renters' income | 29.6% | 29.5% | 30.6% |
| Median year homes were built | 2005 | 1991 | 1980 |
| Vacant homes | 11.2% | 12.5% | 10.1% |
| Population | 15,660 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Davidson
At this week's average 30-year rate of 7.11%, buying the median Davidson home of $687,700 with 20% down costs about $4,377 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,523, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $187,594 for the 20%-down payment. That payment is 32% of the median Davidson household income of $166,556; at that income and 20% down, the 28% guideline points to a home of about $611,000.
The median rent here is $1,652 a month, so owning the median home costs about $2,725 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $137,540 |
|---|---|
| Loan amount | $550,160 |
| Principal and interest | $3,701 |
| Property taxes (0.68% a year) | $390 |
| Homeowners insurance (our estimate, 0.5% a year) | $287 |
| PMI | $0 |
| Total per month | $4,377 |
Change the numbers in the calculator
| Down payment | $24,070 |
|---|---|
| Loan amount | $675,244 |
| Principal and interest | $4,542 |
| Property taxes (0.68% a year) | $390 |
| Homeowners insurance (our estimate, 0.5% a year) | $287 |
| FHA mortgage insurance | $304 |
| Total per month | $5,523 |
Change the numbers in the calculator
Questions about home buying in Davidson
What is the median home value in Davidson?
About $687,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Davidson?
Homeowners pay a median $4,668 a year, which is about 0.68% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Davidson?
For the median home with 20% down at 7.11%, the payment is about $4,377 a month. Keeping that under 28% of gross income takes about $187,594 a year.
More about Davidson
- Mortgage Refinance in Davidson
- Debt Relief in Davidson
- Home Equity Loans in Davidson
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data