The housing market in Danville, IL is very attractive. The median value of houses in the city stands at $72,700 - significantly lower than the US median of $338,100. Furthermore, in the last year house appreciation has been higher here than in the rest of the country, clocking in at 8.72% compared to the 8.27% across the US as a whole. This makes Danville an appealing option for those looking for a new home or investment property.
The median home cost in Danville is $72,700. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Danville is up 14.5%.
Average Age of Homes
- The median age of Danville real estate is 70 years old
The Rental Market in Danville
- Renters make up 35.1% of the Danville population
- 5.3% 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.