Danville, IL—61834
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Danville, IL
As of Oct '25, the median home price in Danville, IL is $173,000, with a year-over-year change of 3.7%. This indicates that home prices in Danville, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | 3.7% |
| Single Family | $173,000 | 4.2% |
| 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 — Danville, IL
As of July '25, Rentcast reports the average rent in Danville, IL is $850, with a year-over-year rent change of 21.4%. Per bedroom, the median rent as of July '25 in Danville, IL is 2-bedrooms: $850. The most common rental property sizes in Danville, IL are 2-bedroom and 3-bedroom, accounting for 47.8% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Danville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Danville, IL is 20. This is a increase of 30.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | 59.0% |
Listing Count | 3 | -76.0% |
| Listings as % of Homes | 0.5% | -76.0% |
Days on Market | 20 | 30.0% |
Demographics — Danville, IL
As of the latest ACS Survey released in 2023, Danville, IL has a population of 8,300, which has decreased by -5.5% over the past 5 years. Danville, IL is a moderately popular place for families, as children make up 18.9% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,300 | -5.5% |
% Under 18 | 18.9% | 16.7% |
% Seniors | 18.1% | -2.2% |
% WFH | 9.7% | 142.5% |
% w/ College Degree | 20.4% | 45.7% |
As of the latest ACS Survey released in 2023, Danville, IL is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Danville, IL is black, making up 12.2% of the population. Foreign-born residents account for 2.9% of the population in Danville, IL, and this percentage has increased by 20.8% 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 | 76.5% | -5.0% |
% Black | 12.2% | -9.6% |
% Hispanic | 8.3% | 59.6% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 2.9% | 20.8% |
Mortgage and Risk — Danville, IL
Danville, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Danville, IL
Danville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 0 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | $280 | $850 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,380 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Danville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $173,000 |
| Median Household Income | $80,900 |