Danville, IL

Metro area in Illinois · Updated Jan 2026

Median Home Value

$92,767

↑ +0.3%

Year-over-year

Median Rent

$825/mo

↑ +6.4%

Year-over-year

Rental Yield

10.7%

Excellent for investors

5-Year Appreciation

+22.2%

Income Needed to Buy

$31,906

20% down, 30% DTI max

Active Listings

161

For-sale inventory

Price-to-Rent Ratio

9.4

Favors buying

Price Forecast

1 Month

↑ +0.5%

3 Months

↑ +1.0%

5-Year Price Trend

Calculate your mortgage for Danville, IL

See monthly payments for a $92,767 home →

Should you rent or buy in Danville, IL?

Price-to-rent ratio: 9.4x — Buying likely wins. Run a full breakeven analysis with Danville, IL numbers pre-filled →

Frequently Asked Questions