Davenport, Iowa: Comprehensive Guide to Housing, Loan Options, and the Vibrant Lifestyle

Welcome to Davenport, Iowa

A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Davenport has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.

Average Salary in Davenport

Its average salary is a central indicator of Davenport’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $50,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Healthcare, education, manufacturing, government, retail makes Davenport an ideal location for professionals from various walks of life.

Median Home Value in Davenport

The real estate landscape in Davenport is as varied as it is promising. The median home value is $130,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 40.70% underlines Davenport as a prime spot for long-term investment and stability.

For those who prefer the flexibility of renting, they’ll be in good company. 59.30% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.

Credit Ratings and Loan Opportunities in Davenport

The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In Iowa, the average credit score sits at 729. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.

However, a low credit score is not a roadblock in Davenport. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.

Demographics and Density in Davenport

Davenport has a population of around 101,009 inhabitants. These residents are comfortably spread across 63.8 sq mi (or 165.2 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 1,594 individuals per square mile, offering a sense of community while still allowing for personal space.

Economic Landscape in Davenport

Davenport enjoys a thriving economy with Healthcare, education, manufacturing, government, retail being the major contributors. The proximity of the nearest airport (Quad City International Airport (MLI)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 729 reflects a financially responsible and economically active populace.

Educational Opportunities in Davenport

Davenport holds education in high esteem. The city boasts top-ranking schools, such as Davenport Central High School, Davenport North High School, Davenport West High School, Assumption High School, Davenport Christian School, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like University of Michigan-Dearborn, Henry Ford College and University of Detroit Mercy, produce a well-educated, competent workforce contributing to Davenport’s vibrant economy and societal fabric.

City’s Alias: Davenport

Affectionately known as ‘The Quad Cities or D-Town‘, Davenport, positioned at 41.56°N 90.60°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Davenport promises a rewarding and enriching experience.

Recreation and Lifestyle in Davenport

Experience the exciting pace of life in Davenport, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Davenport caters to all. Popular attractions include Figge Art Museum, Vander Veer Botanical Park and River Music Experience, providing a rich mixture of educational and entertainment experiences.

The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Davenport’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.

Ready to apply?

Please enable JavaScript in your browser to complete this form.