Mortgage Calculator & Closing Costs: Davenport, IA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Davenport, Iowa.
Median Home Price
$155K
Population
102K
Avg Monthly Rent
$880
Property Tax Rate
1.52% *
* Property tax shown is the Iowa state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Davenport.
Davenport vs Iowa Median
The median home price in Davenport is $155,000, which is 26% below the Iowa state median of $210,000.
Mortgage Calculator — Davenport, IA
Pre-filled with Davenport median home price and Iowa tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $155K home using Iowa's 1.52% tax rate and $1,800/yr insurance.
5% Down
$1,363/mo
Down: $7,750
Loan: $147K
P&I: $931
Tax: $196
Insurance: $150
PMI: $86
10% Down
$1,309/mo
Down: $15,500
Loan: $140K
P&I: $882
Tax: $196
Insurance: $150
PMI: $81
20% Down (No PMI)
$1,130/mo
Down: $31,000
Loan: $124K
P&I: $784
Tax: $196
Insurance: $150
Income needed (28% rule): $48K/year with 20% down, $56K/year with 10% down.
Rent vs Buy in Davenport
Rent
$880/mo
vs
Buy (10% down)
$1,309/mo
Price-to-rent ratio: 14.7 — With a ratio under 15, buying in Davenport is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $429 more than renting, but you build equity with every payment.
The median home price in Davenport is $155,000, 26% below the Iowa state median of $210,000. With a population of 101,724, Davenport is a mid-size city where home prices tend to be more accessible than in many parts of Iowa.
Property taxes in Iowa average 1.52% annually. This higher-than-average tax rate means a $155,000 home in Davenport would carry roughly $196/month in property taxes alone — plan accordingly. Homeowners insurance in Iowa runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Davenport is $880/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Davenport over the long term.
Davenport offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Iowa's IFA FirstHome program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Davenport.