The housing market in Danville, IL (zip code 61834) is showing strong signs of appreciation. The median value of homes in the area is currently $149,200, which is significantly lower than the national median value of $338,100. Despite this disparity, the area has seen great appreciation over the last year with an 8.72% increase compared to the national average of 8.27%. This indicates that Danville is a desirable place to live and the housing market remains healthy and promising for potential homeowners.
The median home cost in Danville (zip 61834) is $149,200. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Danville (zip 61834) is up 14.5%.
Average Age of Homes
- The median age of Danville (zip 61834) real estate is 44 years old
The Rental Market in Danville (zip 61834)
- Renters make up 11.9% of the Danville (zip 61834) population
- 1.0% of houses and apartments in Danville (zip 61834), 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.