Danville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Danville, IN Real Estate Data


Danville Housing Market Information

With a population of 9,614, 3,420 total housing units (homes and apartments), and a median house value of $180,419, Danville real estate is some of the most expensive in Indiana, although Danville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Danville, accounting for 77.38% of the town's housing units. Other types of housing that are prevalent in Danville include large apartment complexes or high rise apartments ( 10.66%), duplexes, homes converted to apartments or other small apartment buildings ( 7.19%), and a few row houses and other attached homes ( 4.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Danville. Owner-occupied housing accounts for 67.62% of Danville's homes, and 68.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Danville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Danville built between 2000 and later ( 32.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.17%). There's also some housing in Danville built before 1939 ( 13.11%).

Danville Home Appreciation Rates

Appreciation rates for homes in Danville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.21%, which ranks in the top 40% nationwide. This equates to an annual average Danville house appreciation rate of 1.07%.

Over the last year, Danville appreciation rates have trailed the rest of the nation. In the last twelve months, Danville's appreciation rate has been 4.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Danville were at 1.66%, which equates to an annual appreciation rate of 6.79%.

Relative to Indiana, our data show that Danville's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$180,419

Danville, IN HOME PRICES

Value Range
> $1,129,000 0.0
$847,001 - $1,129,000 0.0
$564,001 - $847,000 2.5
$452,001 - $564,000 1.6
$339,001 - $452,000 8.2
$226,001 - $339,000 15.1
$113,001 - $226,000 58.3
$57,001 - $113,000 10.9
$0 - $57,000 3.4

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
39.1579317210283 14.027149321267

Number Of Homes And Apartments:
3,420

Rent & Ownership

 

Average Market Rent:
$907 / per month

Homeownership Rate

Homeownership
Owners 67.62
Renters 32.38
Vacant 1.70

Housing Market Details

 

Age of Homes

AGE OF Danville HOMES
2000 or Newer 32.4
1970 - 1999 35.3
1940 - 1969 19.2
1939 or Older 13.1

Types of Homes

TYPE OF Danville HOMES
Single-Family 77.4
Townhomes 4.3
Small Apt. Buildings 7.2
Apt. Complexes 10.7
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Danville HOMES
No Bedroom 0.69
1 Bedroom 7.56
2 Bedrooms 20.67
3 Bedrooms 55.13
4 Bedrooms 13.42
5 or more bedrooms 2.53

Danville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
23.11% 1.23% 5 2
* 10 is highest

Popular Neighborhoods in Danville

Zip Codes in Danville, IN