Danvers, IL—61732
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Danvers, IL
As of Oct '25, the median home price in Danvers, IL is $240,000, with a year-over-year change of 6.4%. This indicates that home prices in Danvers, IL are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 6.4% |
| Single Family | $240,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Danvers, IL
Danvers, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Danvers, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Danvers, IL is 30. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 29.0% |
Listing Count | 4 | -44.0% |
| Listings as % of Homes | 0.1% | -44.0% |
Days on Market | 30 | -6.0% |
Demographics — Danvers, IL
As of the latest ACS Survey released in 2023, Danvers, IL has a population of 2,090, which has increased by 1.6% over the past 5 years. Danvers, IL is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,090 | 1.6% |
% Under 18 | 21.7% | -19.0% |
% Seniors | 16.4% | 31.2% |
% WFH | 12.5% | 108.3% |
% w/ College Degree | 30.6% | 1.3% |
As of the latest ACS Survey released in 2023, Danvers, IL is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 5.3% in the last 5 years. The second most common race or ethnicity in Danvers, IL is asian, making up 0.3% of the population. Foreign-born residents account for 0.5% of the population in Danvers, IL, and this percentage has decreased by 66.7% 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 | 90.9% | -5.3% |
% Black | 0.2% | 100.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.3% | -66.7% |
% Foreign Born | 0.5% | -66.7% |
Mortgage and Risk — Danvers, IL
According to HUD data as of 2023, there were 65 mortgage originations in Danvers, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Danvers, IL. 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 | 65 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Danvers, IL
Danvers, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $750 | $900 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,540 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Danvers, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $240,000 |
| Median Household Income | $94,700 |