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City Report · NC

Davidson

Pop. 15,660·38th most expensive in North Carolina·Davidson rents have dropped 5.0%, currently a renter's market
Median rent (all units)
$1,841/mo
Year-over-Year
-5.0%
Month-over-Month
-9.1%
vs US Median
-$124
Falling (Monthly)
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Most AffordableMost Expensive
Davidson · $1,841
More affordable than 51% of US cities · National median $1,965/mo
Rent Reality Score
76/100
Good value
OverheatedFairGreat value

Rents are 13% below what Davidson's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,841/mo
Expected by trend
$2,115/mo
The Rent Reality Score compares today's median rent to where Davidson's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,800
1 BR
$1,870
2 BR
$2,070
3 BR
$2,570
4 BR+
$3,250
Research median
$2,070/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,092/yr
At $1,841/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.0% YoY, -9.1% MoM), not inventory.
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Demographics

Who lives here

Davidson, NC is majority owner-occupied, has a median income above the national average, 75.8% of residents hold a bachelor's degree or higher.

Population
15,660
Median income
$166,556
Median age
41.9
Renters
20%
Age distribution
20.1%
21.6%
27.7%
15%
15.7%
Under 1820.1%
18–3421.6%
35–5427.7%
55–6415%
65+15.7%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
81.3%
White81.3%
Black9%
Hispanic3.5%
Asian3%
Other3.2%
Education (25+)
14.5%
75.8%
No HS diploma2%
HS diploma7.7%
Some college14.5%
Bachelor's+75.8%
Housing tenure
80%
20%
Owner80%
Renter20%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Davidson, NC has changed in 5 years

Rent
$1,602 → $1,841
up 14.9%
Income
$141,845 → $166,556
up 17.4%
Population
14,644 → 15,660
up 6.9%
Renter share
21.2% → 20%
-1.2 pts
Bachelor's+
75% → 75.8%
+0.8 pts
Median age
39.5 → 41.9
+2.4 yrs

Rent in Davidson, NC has increased 14.9% since 2022, going from about $1,602 per month to roughly $1,841 today. Median household income grew from $141,845 to $166,556 between 2021 and 2024, a 17.4% shift. Headcount in the area went from 14,644 to 15,660 between 2021 and 2024, a 6.9% change. Taken together, the five-year picture in Davidson, NC reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Davidson rent history (2015–2026) →
Salary vs rent

Can you afford rent in Davidson on your salary?

At $1,841/mo, how Davidson rent compares to typical pay (30% rule).

By apartment size

Davidson rent by bedroom count

Median rent for each apartment size in Davidson. Click any size for full breakdown.

Local insights

Tips for renters in Davidson

About renting in Davidson, NC

Last updated: July 20, 2026

The median rent in Davidson is $1,841/mo as of July 2026. A studio apartment averages $1,800/mo while a 2-bedroom runs $2,070/mo. One-bedroom apartments average $1,870/mo and 3-bedroom units go for $2,570/mo.

At 13% of local median household income ($166,556/yr), Davidson ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.0% over the past year.

FAQ

Frequently asked questions

Is Davidson an affordable city for renters?

Davidson is considered very affordable for renters. At $1,841/mo, rent takes approximately 13% of the local median household income ($166,556/yr). The standard benchmark is 30%. Davidson falls comfortably within that range.

How much income do you need to rent in Davidson?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (~$36/hour full-time) to afford the median rent of $1,841/mo in Davidson. The local median household income is $166,556/yr, meaning the typical Davidson household meets that threshold.

Is rent going up or down in Davidson?

Rent in Davidson has decreased 5.0% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Davidson rent compare to other cities in North Carolina?

Davidson is one of the pricier cities in North Carolina for rent, ranking #38 out of 126 tracked cities at $1,841/mo.

Which nearby cities are cheaper to rent in than Davidson?

Several nearby cities have lower median rents than Davidson ($1,841/mo): Mooresville ($1,621/mo), Kannapolis ($1,667/mo), Cornelius ($1,778/mo).

What percentage of Davidson residents rent vs. own?

According to Census data, approximately 20% of Davidson households are renters, while 80% are owner-occupied. Davidson leans toward homeownership, which can mean a smaller rental inventory.

How does Davidson rent compare to the national average?

Davidson's median rent of $1,841/mo is $124 (6%) below the US national median of $1,965/mo. Within North Carolina, it ranks #38 out of 126 tracked cities.
Income Affordability
13%
VERY AFFORDABLE

At $1,841/mo, rent takes ~13% of Davidson's median household income ($166,556/yr). The standard benchmark is 30%.

Davidson 13%Benchmark 30%
State income tax4.5%
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Davidson, NC

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