Danville, IL 61834 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Danville, IL—61834

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$181,000

4.4% YoY Growth

Household Income

$80,900

29.4% YoY Growth

Days on Market

36.0% Shorter YoY

Home Price Forecast

1.6%

Median Rent

$850

21.4% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$850

N/A

3-Bed Rent

N/A

Other Zip Codes in Danville, IL

61832 61817 61833

Home Price Trends — Danville, IL

As of Dec '25, the median home price in Danville, IL is $181,000, with a year-over-year change of 4.4%. This indicates that home prices in Danville, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$181,000	4.4%
Single Family	$181,000	4.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

15.8%

2 Bedrooms

47.8%

3 Bedrooms

25.8%

4 Bedrooms

10.6%

Property Listings — Danville, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Danville, IL is 19. This is a decrease of -33.0% 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	$189,000	11.0%
Listing Count	7	-55.0%
Listings as % of Homes	0.5%	-55.0%
Days on Market	49	-36.0%

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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%

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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%

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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

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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

Danville, IL—61834

Key Metrics at a Glance

Other Zip Codes in Danville, IL

Home Price Trends — Danville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Danville, IL

% of Rental Stock

Property Listings — Danville, IL

Demographics — Danville, IL

Race and Ethnicity

Mortgage and Risk — Danville, IL

Mortgages

Rentals and Section 8 — Danville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Danville, IL

Home Price to Income Ratio

Danville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Danville, IL

Danville, IL

Bismarck, IL

Alvin, IL

Oakwood, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2
Median Home Price	$181,000
Median Household Income	$80,900

Danville, IL—61834

Key Metrics at a Glance

Other Zip Codes in Danville, IL

Home Price Trends — Danville, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Danville, IL

% of Rental Stock

Property Listings — Danville, IL

Demographics — Danville, IL

Race and Ethnicity

Mortgage and Risk — Danville, IL

Mortgages

Rentals and Section 8 — Danville, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Danville, IL

Home Price to Income Ratio

Danville, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Danville, IL

Danville, IL

Bismarck, IL

Alvin, IL

Oakwood, IL

Frequently Asked Questions

What is the average home price in Danville, IL 61834?

How have home prices in Danville, IL 61834 changed over the past year?

What is the home price projection for Danville, IL 61834?

What are the demographics of Danville, IL 61834?

How long does it take homes to sell in Danville, IL 61834?

What is the average rent price in Danville, IL 61834?