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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 17,303 people, 6,663 houses or apartments, and a median cost of homes of $332,851, Danville real estate is some of the most expensive in Kentucky, 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 66.03% of the city's housing units. Other types of housing that are prevalent in Danville include duplexes, homes converted to apartments or other small apartment buildings ( 17.79%), large apartment complexes or high rise apartments ( 10.24%), and a few mobile homes or trailers ( 3.10%).
The most prevalent building size and type in Danville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.48% owning and 49.52% 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 1940-1969 ( 24.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.95%). There's also some housing in Danville built before 1939 ( 13.20%).
Real estate appreciation rates in Danville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.32% during the period.
Appreciation rates are so strong in Danville that despite a nationwide downturn in the housing market, Danville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Danville appreciation rates continue to be some of the highest in America, at 8.26%, which is higher than appreciation rates in 72.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Danville. Danville appreciation rates in the latest quarter were at 1.84%, which equates to an annual appreciation rate of 7.57%.
Relative to Kentucky, our data show that Danville's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Danville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Danville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Danville real estate investment or home purchase decisions.
$332,851
for Kentucky
for nation
6,663
$1,338 / per month