The housing market in the Danville, IL Metro Area is quite affordable compared to other parts of the United States. The median value for a home in the area is $78,900, significantly lower than the national median of $338,100. In addition, house appreciation over the past year has risen 8.03%, not far behind the national average of 8.27%. This indicates that homes in this area are increasing in value at a steady pace and are an attractive investment opportunity for potential buyers.
The median home cost in Danville Metro Area is $78,900. Home appreciation the last 10 years has been 47.0%. Home Appreciation in Danville Metro Area is up 14.6%.
Average Age of Homes
- The median age of Danville Metro Area real estate is 63 years old
The Rental Market in Danville Metro Area
- Renters make up 26.2% of the Danville Metro Area population
- 3.3% of houses and apartments in Danville Metro Area, 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.