Danville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Danville Neighborhoods Since 2000




Danville, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Danville Housing Market Information

With 9,614 people, 3,570 houses or apartments, and a median cost of homes of $190,160, 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 72.84% of the town's housing units. Other types of housing that are prevalent in Danville include large apartment complexes or high rise apartments ( 12.65%), duplexes, homes converted to apartments or other small apartment buildings ( 11.08%), and a few row houses and other attached homes ( 3.43%).

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 65.80% of Danville's homes, and 67.52% 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 ( 30.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.57%). There's also some housing in Danville built before 1939 ( 12.22%).

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 7.28%, which ranks in the top 40% nationwide. This equates to an annual average Danville house appreciation rate of 0.70%.

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 2.06%, 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 -0.60%, which equates to an annual appreciation rate of -2.40%.

Notably, Danville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Danville's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$190,160

Danville, IN HOME PRICES

Value Range
> $1,089,000 0.0
$816,001 - $1,089,000 0.0
$544,001 - $816,000 0.7
$435,001 - $544,000 1.6
$327,001 - $435,000 9.2
$218,001 - $327,000 15.8
$109,001 - $218,000 59.3
$55,001 - $109,000 11.2
$0 - $55,000 2.2

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
34.9232391890308 8.82352941176471

Number Of Homes And Apartments:
3,570

Danville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
20.37% 1.08% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,045 / per month

Homeownership Rate

Homeownership
Owners 65.80
Renters 34.20
Vacant 4.95

Housing Market Details

 

Age of Homes

AGE OF Danville HOMES
2000 or Newer 31.0
1970 - 1999 37.2
1940 - 1969 19.6
1939 or Older 12.2

Types of Homes

TYPE OF Danville HOMES
Single-Family 72.8
Townhomes 3.4
Small Apt. Buildings 11.1
Apt. Complexes 12.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Danville HOMES
No Bedroom 2.80
1 Bedroom 9.21
2 Bedrooms 18.32
3 Bedrooms 51.92
4 Bedrooms 15.60
5 or more bedrooms 2.16

Popular Neighborhoods in Danville

Zip Codes in Danville, IN