The housing market in Danville, IN is an attractive option for potential homebuyers. The median value of a house in the area is $285,500, which is significantly lower than the national average of $338,100. In addition to offering more affordable prices, Danville also boasts a higher one-year appreciation rate at 13.55%, which is substantially higher than the national rate of 8.27%. This makes purchasing property in Danville a wise investment and great opportunity for potential homeowners.
The median home cost in Danville is $285,500. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Danville is up 17.9%.
Average Age of Homes
- The median age of Danville real estate is 25 years old
The Rental Market in Danville
- Renters make up 30.1% of the Danville population
- 0.0% 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.