Danville, IL housing market
Homes typically sell in 30 days, close to asking.
Home values, sales, trends and how Danville compares with the towns next door — updated as new data is published.
Danville at a glance
A seller's market
Supply is tight — about 2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Home prices up 50% in 5 years
The federal house price index for the ZIP codes around Danville rose 50% over the past 5 years, about the same as across Illinois. Last year prices rose 10%. Carrying the Census median home value forward with that index puts the typical Danville home at roughly $127,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +10% | +69% | +96% |
| 2024 | +8.9% | +53% | +85% |
| 2023 | +1.6% | +40% | +73% |
| 2022 | +11% | +38% | +61% |
| 2021 | +10% | +24% | +44% |
| 2020 | +3.6% | +13% | +33% |
| 2019 | +3.5% | +9% | +32% |
| 2018 | −4.4% | +5.3% | +28% |
| 2017 | +1.4% | +10% | +25% |
| 2016 | +2.5% | +8.5% | +22% |
| 2015 | +2.7% | +5.9% | +19% |
| 2014 | −1.8% | +3.2% | +15% |
| 2013 | −0.6% | +5.1% | +11% |
| 2012 | −3% | +5.7% | +11% |
| 2011 | −0.8% | +9% | +14% |
| 2010 | −2.9% | +9.9% | +21% |
| 2009 | −4.6% | +13% | +29% |
| 2008 | −3.6% | +19% | +40% |
| 2007 | +5.4% | +23% | +45% |
| 2006 | +1.8% | +17% | +43% |
| 2005 | +3.1% | +15% | +35% |
| 2004 | +4.5% | +11% | +24% |
| 2003 | +0.5% | +6.6% | +15% |
| 2002 | +2.5% | +6.1% | +11% |
| 2001 | +3.6% | +3.6% | +5.6% |
| 2000 | — | — | — |
How Danville ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 61832, 61834, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
6 new homes permitted in 2025
Builders were permitted 6 new homes in Danville in 2025, all single-family houses, worth about $1 million to build. That's 0.2 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Danville has permitted 28 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Danville's population fell by 3,823 even though 40 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $333,000 |
| 2025 | 6 | 6 | 0 | $1 million |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $303,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 2 | 2 | 0 | $334,000 |
| 2019 | 6 | 6 | 0 | $1.1 million |
| 2018 | 5 | 5 | 0 | $819,000 |
| 2017 | 3 | 3 | 0 | $280,000 |
| 2016 | 5 | 5 | 0 | $680,000 |
| 2015 | 3 | 3 | 0 | $477,000 |
| 2014 | 5 | 5 | 0 | $760,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 4 | 4 | 0 | $230,000 |
| 2011 | 4 | 4 | 0 | $1.1 million |
| 2010 | 5 | 5 | 0 | $560,000 |
| 2009 | 5 | 5 | 0 | $560,000 |
| 2008 | 8 | 8 | 0 | $948,000 |
| 2007 | 10 | 10 | 0 | $1.1 million |
| 2006 | 15 | 15 | 0 | $2.4 million |
| 2005 | 21 | 21 | 0 | $3.2 million |
| 2004 | 99 | 23 | 76 | $8.9 million |
| 2003 | 27 | 27 | 0 | $3.9 million |
| 2002 | 23 | 23 | 0 | $3.6 million |
| 2001 | 33 | 33 | 0 | $4.4 million |
| 2000 | 30 | 30 | 0 | $3.7 million |
How Danville ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Danville and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Danville | — | +10.5%† | $1,030 | 6 | $45,957 |
| Tilton | $84K | +10.9% | $1,000 | 0 | $55,697 |
| Blount | — | +5.1%† | $1,060 | — | $110,451 |
| Newell | — | +6.7%† | $1,070 | — | $61,458 |
| Danville | $84K | +2% | $1,050 | — | $43,425 |
† FHFA price index change, where Zillow has no home value for the town.
1.7 years of income
The typical Danville home costs about 1.7 years of the town's median household income, less than across Illinois (3.6 years).
How Danville ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,030
HUD's Fair Market Rent for a two-bedroom in Danville is $1,030 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Danville pay a median of $846, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $710 · 4 bedrooms $1,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61832, 61834; Vermilion County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.