The housing market in Danville, VA is growing rapidly as the median value of homes has risen by 14.49% over the past year. This is well above the national average which stands at 8.27%. Currently, the median value of a home in Danville stands at $115,500 compared to the US median of $338,100. For those looking to purchase property in the area, now may be an ideal time as house prices are rising quickly and could continue to do so due to current market conditions.
The median home cost in Danville is $115,500. Home appreciation the last 10 years has been 60.7%. Home Appreciation in Danville is up 17.9%.
Average Age of Homes
- The median age of Danville real estate is 55 years old
The Rental Market in Danville
- Renters make up 37.9% of the Danville population
- 3.8% of houses and apartments in Danville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.