Davenport Area, Lincoln, NE—68516
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Davenport Area, Lincoln, NE
As of Oct '25, the median home price in Davenport Area, Lincoln, NE is $379,000, with a year-over-year change of 3.5%. This indicates that home prices in Davenport Area, Lincoln, NE are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $379,000 | 3.6% |
| Single Family | $382,000 | 3.5% |
| Condos | $286,000 | 6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $464,000 | 4.7% |
2 Bed | $319,000 | 4.6% |
3 Bed | $339,000 | 4.0% |
4 Bed | $440,000 | 2.6% |
| 5 Bed | $516,000 | 2.0% |
% of Housing Stock
Rental Trends — Davenport Area, Lincoln, NE
As of July '25, Rentcast reports the average rent in Davenport Area, Lincoln, NE is $1,920, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Davenport Area, Lincoln, NE is studios: $1,030, 1-bedrooms: $1,120, 2-bedrooms: $1,220, 3-bedrooms: $2,130, 4-bedrooms: $3,070. The most common rental property sizes in Davenport Area, Lincoln, NE are 2-bedroom and 1-bedroom, accounting for 46.8% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,920 |
| Studio Rent | $993 | $1,030 |
| 1 Bed Rent | $1,100 | $1,120 |
| 2 Bed Rent | $1,140 | $1,220 |
| 3 Bed Rent | $2,000 | $2,130 |
| 4 Bed Rent | $3,200 | $3,070 |
% of Rental Stock
Property Listings — Davenport Area, Lincoln, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Davenport Area, Lincoln, NE is 38. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $480,000 | 1.0% |
Listing Count | 240 | 20.0% |
| Listings as % of Homes | 0.9% | 20.0% |
Days on Market | 38 | -6.0% |
Demographics — Davenport Area, Lincoln, NE
As of the latest ACS Survey released in 2023, Davenport Area, Lincoln, NE has a population of 47,400, which has increased by 6.6% over the past 5 years. Davenport Area, Lincoln, NE is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 55.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,400 | 6.6% |
% Under 18 | 25.3% | -1.6% |
% Seniors | 17.6% | 8.6% |
% WFH | 14.1% | 193.7% |
% w/ College Degree | 55.2% | 8.2% |
As of the latest ACS Survey released in 2023, Davenport Area, Lincoln, NE is a predominantly white area, with 86.7% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Davenport Area, Lincoln, NE is hispanic, making up 4.2% of the population. Foreign-born residents account for 4.8% of the population in Davenport Area, Lincoln, NE, and this percentage has decreased by 12.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.7% | -1.6% |
% Black | 1.7% | -37.0% |
% Hispanic | 4.2% | 2.4% |
% Asian | 2.5% | -16.7% |
% Foreign Born | 4.8% | -12.7% |
Mortgage and Risk — Davenport Area, Lincoln, NE
According to HUD data as of 2023, there were 637 mortgage originations in Davenport Area, Lincoln, NE, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Davenport Area, Lincoln, NE. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 637 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Davenport Area, Lincoln, NE
As of 2024, the percent of homes in Davenport Area, Lincoln, NE under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Davenport Area, Lincoln, NE, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 254 |
Total Units Section 8 | 237 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 78.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,100 | $1,040 |
| 2 Bedroom | $140 | $1,140 | $1,280 |
| 3 Bedroom | -$210 | $2,000 | $1,790 |
| 4 Bedroom | -$1,280 | $3,200 | $1,920 |
Affordability — Davenport Area, Lincoln, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $379,000 |
| Median Household Income | $100,000 |