The housing market in Danville, WV is quite affordable when compared to the national average. The median value of a house in the area is around $87,000 which is far lower than the US median value of $338,100. Despite this lower price point, house appreciation in Danville still managed to be greater than the US average at 8.50%, outpacing the US 1 year appreciation rate of 8.27%. This suggests that despite its relatively low cost, there is still strong demand for housing in Danville and as such it can still be a great option for those looking for an inexpensive place to live.
The median home cost in Danville is $87,000. Home appreciation the last 10 years has been 35.5%. Home Appreciation in Danville is up 9.6%.
Average Age of Homes
- The median age of Danville real estate is 39 years old
The Rental Market in Danville
- Renters make up 52.8% of the Danville population
- 3.4% 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.