Old Davis North Neighborhood Overview
Old Davis North is a neighborhood in the city of Davis, California, situated within the 95616 ZIP code. The market is classified as Prime, indicating a stable and desirable residential area. The housing stock here is characterized by an average home size of 1,175 square feet, offering a more compact and traditional living footprint common to established neighborhoods.
The housing market in Old Davis North presents a significant ownership gap, with a homeownership rate of 35.0% and a renter-occupied rate of 65.0%. This is underscored by a high median home value of $834,200, which contrasts with a median household income of $69,204. The rental market is active, with a median gross rent of $1,819 per month. Recent mortgage data shows strong conventional lending activity, with 263 conventional originations out of 272 total, indicating a market primarily served by standard bank financing.
The neighborhood's character is shaped by this dynamic mix of owners and renters, likely influenced by its proximity to the University of California, Davis. The high property values and prime market tier suggest a sought-after location, though the income-to-home-price ratio highlights the financial challenge of homeownership for many residents, making the rental market a vital component of the community.
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