Cheap Homes in Danville, IL

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1 View this home at Elmwood Ave Danville IL 61832
$14,900 List Price
Elmwood Ave
Danville, IL 61832
3 |
EST. RENT: $630
AUCTION: 04-15-2024
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Danville, IL Foreclosures

How much do homes sell for in Danville, IL?
The average home price is currently $97,058.
In Danville, IL, how many homes are available?
There are currently 14,565 active home listings available in Danville.
What’s the average rental cost in Danville, IL?
The average rental price in Danville is $906.
What is the most expensive home in Danville, Illinois?
The most expensive home sold in Danville had a price of $1,732,900.
What is currently the cheapest priced home in Danville, IL?
The cheapest home for sale in Danville is priced at $8,368.

Home Value Estimator For Danville, IL

There are currently 14,565 real estate properties in Danville, IL, with a median automated valuation model (AVM) price of $65,931.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Danville, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Danville, IL, is $97,058.00, with the most expensive house in Danville, IL, topping out at $1,732,900.00 and the cheapest home in Danville, IL, clocking in at $8,368.00. In other words, there’s something for every potential homebuyer or savvy investor in Danville, IL!

Rent Prices In Danville, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Danville, IL, is on a rollercoaster ride. The average rent price in Danville, IL, is $906.00. Indeed, when looking to rent in Danville, IL, you can expect to pay as little as $450.00 or as much as $2,020.00, with the average rent median estimated to be $830.00. The good news is that finding an affordable and desirable property to rent in Danville, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Danville, IL In 2024

Danville is located in Vermilion, Illinois, with an estimated municipal population of 30,479 residents. All of the best foreclosed homes for sale in Danville are located in the following zip code areas on 61834 61832. The estimated population per square kilometer (.62 miles) in Danville is 654.

Cost Of Living In Danville, IL

So, about how much do homes cost in Danville? The most recent median value of resident-owned homes in Danville is 65,247. An estimated 55.9 percent of households in Danville own their homes, with an average family size of 3.15. The median household income in Danville is 36,172, with13.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Danville, the median commute time of resident workers (in minutes) is 14.7. And last, but certainly not least, are you looking for homes to rent in Danville? If so, the average rent price paid by renters in Danville is 695, according to recent statistics.

Diversity And Demographics In Danville, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Danville, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Danville is 36.4, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Danville is 35.4, with an average family size of 3.15.

The percentage of residents who report their race in Danville is as follows:

White 62.1%
Black / African American 32.7%
Asian 1.4%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.7%
Other 0.9%

Looking for family-friendly neighborhoods in and/or near Danville? Or maybe you are searching for 55+ active adult communities in and/or near Danville?

The percentage of residents who report their age in Danville is as follows:

Under 10 14.8%
Aged 10-19 13.5%
20s 13.7%
30s 12.1%
40s 10.5%
50s 12.7%
60s 11.6%
70s 6.6%
80+ 4.5%

Best Schools In Danville, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Danville with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Danville.

Pros And Cons Of Living In Danville, Illinois

How do you know that living in -- or moving to -- Danville is right where you need to be? Perhaps you grew up in Danville or already live nearby; therefore, the decision to buy a home in Danville is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Danville for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Danville:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Danville.

Reasons To Move To Danville, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Danville can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Danville, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Danville, IL


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