Danville Metro Area, IL Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Danville, Illinois	United States
	34,626.0	139,647,020.0
	65	42
	$78,900	$338,100
	14.6%	16.6%
	36.8%	57.0%
	47.0%	101.1%
	$18.97	$10.98
	$1,550	$2,690
	60.8%	57.4%
	14.1%	11.2%
	25.1%	31.4%
Vacant Housing
	3.3%	1.9%
	0.1%	0.4%
	1.2%	0.7%
	8.2%	0.4%
	0.4%	3.6%
	0.9%	4.1%
Value of Owner-Occupied Housing
	6.2%	2.6%
	11.5%	2.4%
	14.6%	2.8%
	16.4%	3.9%
	13.7%	4.5%
	16.2%	11.3%
	10.5%	13.0%
	7.2%	20.1%
	1.6%	13.6%
	0.8%	8.3%
	0.9%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.6%	13.6%
	4.6%	13.6%
	6.9%	13.6%
	8.0%	13.2%
	12.7%	14.8%
	6.9%	13.6%
	11.8%	10.0%
	6.5%	4.7%
	36.7%	12.2%

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