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Danville city Housing Market

Virginia · 133 counties · Ranked #434 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$110,200

vs national$110,200 vs $281,900 national

Median Gross Rent

$808/mo

vs national$808 vs $1,163 national

Effective Tax Rate

0.67%

vs national0.67% vs 1.02% national

Median Household Income

$42,778

vs national$42,778 vs $74,755 national

Affordability Ratio

2.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

27.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$743

Tax as % of Home Value

0.67%

Monthly Owner Cost

$707

Renter Income

$34,115

Frequently Asked Questions

What is the median home value in Danville city?
The median home value in Danville city is $110,200. This is below the national median of $281,900.
How much is rent in Danville city?
The median gross rent in Danville city is $808 per month.
What is the property tax rate in Danville city?
The effective property tax rate in Danville city is 0.67%. The median annual property tax bill is $743.
Is Danville city affordable?
With a home-value-to-income ratio of 2.6x, Danville city is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.