Danville, IN—46122
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Danville, IN
As of Oct '25, the median home price in Danville, IN is $339,000, with a year-over-year change of 0.6%. This indicates that home prices in Danville, IN are flat. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $339,000 | 0.6% |
| Single Family | $342,000 | 0.9% |
| Condos | $212,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 0.9% |
3 Bed | $308,000 | 1.0% |
4 Bed | $374,000 | 0.0% |
| 5 Bed | $443,000 | -2.0% |
% of Housing Stock
Rental Trends — Danville, IN
As of July '25, Rentcast reports the average rent in Danville, IN is $2,020, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Danville, IN is 2-bedrooms: $1,220, 3-bedrooms: $1,900, 4-bedrooms: $2,390. The most common rental property sizes in Danville, IN are 2-bedroom and 3-bedroom, accounting for 47.1% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,220 |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | $2,500 | $2,390 |
% of Rental Stock
Property Listings — Danville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Danville, IN is 47. This is a increase of 9.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | 4.0% |
Listing Count | 75 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 47 | 9.0% |
Demographics — Danville, IN
As of the latest ACS Survey released in 2023, Danville, IN has a population of 16,300, which has remained stable by -0.8% over the past 5 years. Danville, IN is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 35.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | -0.8% |
% Under 18 | 25.3% | -5.2% |
% Seniors | 18.3% | 32.6% |
% WFH | 9.4% | 147.4% |
% w/ College Degree | 35.1% | 13.2% |
As of the latest ACS Survey released in 2023, Danville, IN is a predominantly white area, with 93.5% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Danville, IN is hispanic, making up 2.5% of the population. Foreign-born residents account for 1.1% of the population in Danville, IN, and this percentage has decreased by 54.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.5% | -0.2% |
% Black | 2.1% | 10.5% |
% Hispanic | 2.5% | 92.3% |
% Asian | 0.2% | -90.9% |
% Foreign Born | 1.1% | -54.2% |
Mortgage and Risk — Danville, IN
According to HUD data as of 2023, there were 574 mortgage originations in Danville, IN, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Danville, IN. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 574 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Danville, IN
Danville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 93.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | $130 | $1,100 | $1,230 |
| 3 Bedroom | -$300 | $1,900 | $1,600 |
| 4 Bedroom | -$560 | $2,500 | $1,940 |
Affordability — Danville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $339,000 |
| Median Household Income | $94,300 |