Danville Metro Area, KY Housing

The housing market in the Danville, KY Metro Area is quite strong. The median value of homes in the area is $183,800 which is significantly lower than the US House Median Value of $338,100. However, the one year house appreciation rate in this area is very impressive at 13.91%, much higher than the national average of 8.27%. This suggests that the housing market here is very healthy and growing at a rapid rate, making it an attractive option for home buyers looking for affordability without sacrificing quality.

The median home cost in Danville Metro Area is $183,800. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Danville Metro Area is up 15.5%.

Average Age of Homes

- The median age of Danville Metro Area real estate is 36 years old

The Rental Market in Danville Metro Area

- Renters make up 27.4% of the Danville Metro Area population
- 1.8% 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, Kentucky	United States
	23,661.0	139,647,020.0
	41	42
	$183,800	$338,100
	15.5%	16.6%
	49.5%	57.0%
	69.9%	101.1%
	$8.59	$10.98
	$1,186	$2,690
	65.6%	57.4%
	10.6%	11.2%
	23.8%	31.4%
Vacant Housing
	1.8%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.7%	0.4%
	1.4%	3.6%
	6.0%	4.1%
Value of Owner-Occupied Housing
	5.7%	2.6%
	4.9%	2.4%
	6.1%	2.8%
	8.1%	3.9%
	8.0%	4.5%
	25.3%	11.3%
	13.1%	13.0%
	17.1%	20.1%
	5.5%	13.6%
	2.4%	8.3%
	2.5%	9.7%
	0.6%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	16.4%	13.6%
	16.4%	13.6%
	15.3%	13.6%
	12.2%	13.2%
	18.4%	14.8%
	15.3%	13.6%
	7.8%	10.0%
	3.1%	4.7%
	10.9%	12.2%

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