Danville, IN Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Danville, IN Housing Market Trends

With a population of 10,126, 3,542 total housing units (homes and apartments), and a median house value of $266,354, 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 66.59% of the town's housing units. Other types of housing that are prevalent in Danville include large apartment complexes or high rise apartments ( 13.43%), duplexes, homes converted to apartments or other small apartment buildings ( 12.14%), and a few row houses and other attached homes ( 7.34%).

The most prevalent building size and type in Danville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.49% owning and 35.51% renting.

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 ( 31.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.91%). There's also some housing in Danville built before 1939 ( 10.57%).

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 49.45%, which ranks in the top 40% nationwide. This equates to an annual average Danville house appreciation rate of 4.10%.

NeighborhoodScout's data show that during the latest twelve months, Danville's appreciation rate, at 9.74%, has been at or slightly above the national average. In the latest quarter, Danville's appreciation rate has been 2.10%, which annualizes to a rate of 8.68%.

Relative to Indiana, our data show that Danville's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$266,354

Danville, IN HOME PRICES

> $1,269,000
0.0%
0.0%
$952,001 - $1,269,000
0.3%
0.3%
$634,001 - $952,000
3.6%
3.6%
$508,001 - $634,000
1.8%
1.8%
$380,001 - $508,000
8.1%
8.1%
$254,001 - $380,000
27.0%
27.0%
$127,001 - $254,000
54.5%
54.5%
$63,001 - $127,000
3.1%
3.1%
$0 - $63,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
3,542

Danville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
62.46% 2.28%
7
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,330 / per month

Homeownership Rate

Owners
64.5%
64.5%
Renters
35.5%
35.5%
Vacant
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
31.6%
31.6%
1970 - 1999
39.9%
39.9%
1940 - 1969
17.9%
17.9%
1939 or Older
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.6%
66.6%
Townhomes
7.3%
7.3%
Small Apt. Buildings
12.1%
12.1%
Apt. Complexes
13.4%
13.4%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
5.6%
5.6%
2 Bedrooms
23.5%
23.5%
3 Bedrooms
46.5%
46.5%
4 Bedrooms
17.1%
17.1%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Danville

Zip Codes in Danville, IN