Danville, IL housing market
Typical home value
$83K
▲ 3.3% 1 yr
Typical rent
$883/mo
▲ 2.1% 1 yr
Gross rent yield
12.8%
U.S. 6.3%
5-year home value change
+10%
U.S. +20%
Key takeaways
- 1The typical home in Danville is worth $82,782, up 3.3% over the past year and up 10% over five years.
- 2Typical rent is $883 a month (+2.1% YoY), a gross rent yield of 12.8% (above the Danville, IL metro's 10.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $455/mo, $428 less than typical rent.
- 4Zillow forecasts the Danville, IL metro's home values to change +2.4% over the next 12 months.
Market temperature (Danville, IL metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 57/100, #66 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Danville compares
| Measure | Danville | Danville, IL metro | United States |
|---|---|---|---|
| Typical home value | $82,782 | $101,326 | $366,157 |
| Home value, 1-yr change | +3.3% | +3.0% | +1.2% |
| Typical rent | $883 | $886 | $1,932 |
| Rent, 1-yr change | +2.1% | +1.8% | +2.7% |
| Gross rent yield | 12.8% | 10.5% | 6.3% |
| Price-to-rent ratio | 7.8 | 9.5 | 15.8 |
| Mortgage P&I, typical home | $455 | $557 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Danville rental, pre-filled.
Rent vs buy in Danville
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $83K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.