The housing market in Danville, MD is an attractive option for potential homeowners. The median value of homes in Danville is currently $119,700, which is significantly lower than the national average of $338,100. This makes it much more affordable for home buyers looking to purchase a home. Furthermore, the 1-year house appreciation rate in Danville has been exceptionally high at 17.95%, while the national average sits at 8.27%. This makes Danville a great location for anyone looking to invest in real estate and benefit from the rising property values over time.
The median home cost in Danville is $119,700. Home appreciation the last 10 years has been 29.3%. Home Appreciation in Danville is up 11.6%.
Average Age of Homes
- The median age of Danville real estate is 52 years old
The Rental Market in Danville
- Renters make up 7.1% 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.