Danville, VA—24541
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Danville, VA
Home Price Trends — Danville, VA
As of Nov '25, the median home price in Danville, VA is $157,000, with a year-over-year change of -0.8%. This indicates that home prices in Danville, VA are flat. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $157,000 | -0.8% |
| Single Family | $155,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $75,000 | 0.0% |
2 Bed | $101,000 | -3.8% |
3 Bed | $182,000 | 0.0% |
4 Bed | $264,000 | 2.7% |
| 5 Bed | $394,356 | 3.1% |
% of Housing Stock
Rental Trends — Danville, VA
As of July '25, Rentcast reports the average rent in Danville, VA is $1,020, with a year-over-year rent change of -8.1%. Per bedroom, the median rent as of July '25 in Danville, VA is 1-bedrooms: $793, 2-bedrooms: $965, 3-bedrooms: $1,550, 4-bedrooms: $1,700. The most common rental property sizes in Danville, VA are 2-bedroom and 3-bedroom, accounting for 44.6% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $851 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $793 |
| 2 Bed Rent | $851 | $965 |
| 3 Bed Rent | $1,300 | $1,550 |
| 4 Bed Rent | $1,600 | $1,700 |
% of Rental Stock
Property Listings — Danville, VA
As of Nov '25, Realtor.com reports that the median days on market for a home in Danville, VA is 87. This is a increase of 28.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | -9.0% |
Listing Count | 125 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 87 | 28.0% |
Demographics — Danville, VA
As of the latest ACS Survey released in 2023, Danville, VA has a population of 28,200, which has increased by 2.0% over the past 5 years. Danville, VA is a moderately popular place for families, as children make up 21.2% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,200 | 2.0% |
% Under 18 | 21.2% | -3.2% |
% Seniors | 20.4% | 6.2% |
% WFH | 7.1% | 163.0% |
% w/ College Degree | 21.8% | 1.4% |
As of the latest ACS Survey released in 2023, Danville, VA is a predominantly white area, with 50.5% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Danville, VA is black, making up 39.1% of the population. Foreign-born residents account for 4.2% of the population in Danville, VA, and this percentage has increased by 23.5% 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 | 50.5% | -4.9% |
% Black | 39.1% | 2.4% |
% Hispanic | 4.6% | 2.2% |
% Asian | 1.9% | 58.3% |
% Foreign Born | 4.2% | 23.5% |
Mortgage and Risk — Danville, VA
According to HUD data as of 2023, there were 396 mortgage originations in Danville, VA, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Danville, VA. Investor activity is low, as 9.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 396 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 9.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Rentals and Section 8 — Danville, VA
Danville, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,381 |
Total Units Section 8 | 903 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $700 | $740 |
| 2 Bedroom | $69 | $851 | $920 |
| 3 Bedroom | -$40 | $1,300 | $1,260 |
| 4 Bedroom | -$180 | $1,600 | $1,420 |
Affordability — Danville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $157,000 |
| Median Household Income | $49,300 |