The housing market in Danvers, IL is thriving. The median value of a single family home in Danvers is $185,300 - much lower than the US house median value of $338,100. Furthermore, the US 1 year house appreciation rate was 8.27%, while the Danvers 1 year appreciation rate was 14.21%. This higher rate of appreciation indicates that the housing market in Danvers is gaining momentum and investors are looking to capitalize on this growth potential. As such, now may be an excellent time to either buy or sell a home in Danvers.
The median home cost in Danvers is $185,300. Home appreciation the last 10 years has been 40.7%. Home Appreciation in Danvers is up 16.3%.
Average Age of Homes
- The median age of Danvers real estate is 60 years old
The Rental Market in Danvers
- Renters make up 17.7% of the Danvers population
- 2.7% of houses and apartments in Danvers, 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.