Danville, KY—40422
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Danville, KY
As of Oct '25, the median home price in Danville, KY is $242,000, with a year-over-year change of 5.7%. This indicates that home prices in Danville, KY are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 5.7% |
| Single Family | $241,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 5.2% |
3 Bed | $240,000 | 5.3% |
4 Bed | $340,000 | 5.9% |
| 5 Bed | $452,000 | 3.9% |
% of Housing Stock
Rental Trends — Danville, KY
As of July '25, Rentcast reports the average rent in Danville, KY is $1,230, with a year-over-year rent change of 16.0%. Per bedroom, the median rent as of July '25 in Danville, KY is 1-bedrooms: $800, 2-bedrooms: $1,130, 3-bedrooms: $1,410, 4-bedrooms: $1,200. The most common rental property sizes in Danville, KY are 2-bedroom and 3-bedroom, accounting for 48.3% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $1,100 | $1,130 |
| 3 Bed Rent | $1,250 | $1,410 |
| 4 Bed Rent | $1,200 | $1,200 |
% of Rental Stock
Property Listings — Danville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Danville, KY is 67. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $318,000 | -1.0% |
Listing Count | 122 | 10.0% |
| Listings as % of Homes | 0.7% | 10.0% |
Days on Market | 67 | 15.0% |
Demographics — Danville, KY
As of the latest ACS Survey released in 2023, Danville, KY has a population of 26,000, which has increased by 2.9% over the past 5 years. Danville, KY is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 28.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,000 | 2.9% |
% Under 18 | 20.9% | 2.0% |
% Seniors | 18.9% | 1.6% |
% WFH | 8.0% | 86.0% |
% w/ College Degree | 28.6% | 13.9% |
As of the latest ACS Survey released in 2023, Danville, KY is a predominantly white area, with 81.0% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Danville, KY is black, making up 8.8% of the population. Foreign-born residents account for 2.6% of the population in Danville, KY, and this percentage has increased by 4.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.0% | -3.1% |
% Black | 8.8% | 10.0% |
% Hispanic | 5.0% | 35.1% |
% Asian | 0.8% | -20.0% |
% Foreign Born | 2.6% | 4.0% |
Mortgage and Risk — Danville, KY
According to HUD data as of 2023, there were 299 mortgage originations in Danville, KY, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Danville, KY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 299 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Danville, KY
Danville, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 693 |
Total Units Section 8 | 333 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 99.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$100 | $800 | $700 |
| 2 Bedroom | -$180 | $1,100 | $920 |
| 3 Bedroom | -$30 | $1,250 | $1,220 |
| 4 Bedroom | $260 | $1,200 | $1,460 |
Affordability — Danville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $242,000 |
| Median Household Income | $60,900 |