States · Illinois · Vermilion County

Danville, Illinois.

Typical home $82,782 (+3.3% in a year), asking rent $883 (+2.1%). Danville, IL metro.

What it costs per month · Danville $435/mo

to buy the typical home at today's mortgage rate — +$199 (+85%) since Jan 2020.

What the home itself did
1 year
Up $2,638 +3%
$80,143$82,782 since Sep 2025
5 years
Up $7,507 +10%
$75,274$82,782 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Danville $435 Illinois $1,553 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Danville$435
  • Illinois$1,553
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 36 years.

Typical home values in Danville, IL rose 3.3% over the past year — faster than the nation's +1.2%.

Asking rents in Danville, IL rose 2.1% over the past year — slower than the nation's +2.7%.

Owning the typical home in Danville runs $235/mo less than renting one. The gap peaked at $286 in May 2026.

That is $648 a month against $883 rent: a $435 mortgage payment, plus $125 property tax and $89 insurance & upkeep.

Owning vs renting — Danville

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$400 $600 $800 2022 2023 2024 2025 2026 Owning all in $648 Renting $883 Mortgage only $435
$400 $600 $800 2022 2024 2026
  • Owning all in$648
  • Renting$883
  • Mortgage only$435

Property tax · $125/mo 1.81% of value a year — the ACS 2020-2024 median bill over the median home value for Vermilion County, IL

Insurance & upkeep · $89/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

Living in Danville, Vermilion County, Illinois

Danville is a city of 29,204 people in Vermilion County. Half its households earn more than $45,957 a year and half less, against $56,877 across Vermilion County; 24% of its people live below the poverty line. 57% of its homes are lived in by their owners and 43% are rented. Unemployment in Danville was 5.8% in August 2026, and Vermilion County had 1.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.

People 29,204 in the 2020 census; median age 39.8
Household income $45,957 the median, give or take $3,620 · Vermilion County: $56,877
Unemployment 5.8% Danville, August 2026; 7.1% a year before
Homes 57% lived in by their owners; 43% rented

Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Danville is a small city in Vermilion County, with residents who are a little older than the typical American. Household incomes here run below the county's, and more people live below the poverty line than most would expect to find. Most homes are lived in by their owners, and both homes and rents cost less than in much of the country. Few adults hold a four-year degree, and getting to work takes very little time.

Work. Many residents work in schools, hospitals and social care, with manufacturing, shops, and restaurants and hotels also employing a good number. Among the largest workplaces in Danville are the Veterans Health Administration, the Danville school district and Help At Home. Unemployment has eased over the past year, though across Vermilion County there are slightly fewer jobs than there were the year before.

Things to do. Lake Vermilion and the Fischer Theater are in or beside town, a lake and a theatre close at hand. A short drive away, Kickapoo State Recreation Area is a protected area for time outdoors, and the Vermilion River runs nearby. Winters are cold, with January highs around freezing, and summers are warm; rain and melted snow fall steadily through the year.

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  • 11,901households
  • 19%of adults have a degree
  • 24%below the poverty line
  • 14 mintypical commute
  • 9%work from home

What residents work in

  • Schools, hospitals and social care23%
  • Manufacturing17%
  • Shops (retail)13%
  • Restaurants, hotels and entertainment9%
  • Banks, insurance and property7%
  • Transport, warehouses and utilities6%

Employed residents by industry, from the Census survey. Vermilion County had 25,378 jobs in 2025, 1.4% fewer than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 35° and 20°; warmest in July, 85° and 65° 20° 40° 60° 80° J 35° 20° F M A M J J 85° 65° A S O N D
Average daily high and low for each month: coldest in January, 35° and 20°; warmest in July, 85° and 65° 20° 40° 60° 80° J 35° 20° F M A M J J 85° 65° A S O N D

Coldest in January, with highs near 35° and lows near 20°; warmest in July, with highs near 85° and lows near 65°. About 43 inches of rain and melted snow a year.

Average daily high and low, 1991–2020, at the Danville weather station, 2 miles away (NOAA).

Largest workplaces in Danville

  1. Veterans Health AdministrationFederal government · Department of Veterans Affairs1,094
  2. Danville CCSD 118School district890FTE
  3. Help At HomeHomemaker's service for elderly or disabled persons, non-medical695
  4. Frito LAYBreakfast cereal manufacturing525
  5. Watchfire Signs (Danville, IL)Manufacturer of electronic signs401
  6. City of DanvilleExecutive offices, federal, state, and local396
  7. OSF Sacred Heart Medical CenterGeneral hospital370FTE
  8. WalmartWarehouse clubs and supercenters307

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 50 workplaces with 20 or more staff, 7,098 people in all. Federal offices come from OPM's federal workforce data (2026), school districts from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. Cold wavesRelatively high
  2. Winter weatherRelatively high
  3. Strong windrelatively high in parts of DanvilleRelatively moderate
  4. HailRelatively moderate
  5. TornadoesRelatively moderate
  6. Heat wavesRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Danville’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Vermilion County and the Danville, IL metro.

Danville home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$100,000 $200,000 $300,000 2018 2020 2022 2024 2026 Danville $82,782 Illinois $295,943 United States $366,157
$100,000 $200,000 $300,000 2018 2022 2026
  • Danville$82,782
  • Illinois$295,943
  • United States$366,157

Sellers are cutting prices on about 1 in 4 Danville listings, and the typical home goes pending in 14 days — the market is cooling.

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Market heat, inside the city limits

Share of listings with a price cut

The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.

10% 15% 20% 25% 2018 2019 2020 2021 2022 2023 2024 2025 2026 Danville 27.05% United States 26.90%
10% 15% 20% 25% 2018 2022 2026
  • Danville27.05%
  • United States26.90%

Days to pending

How long the typical listing takes to go under contract.

10 20 30 2026 Danville 14 United States 27
10 20 30 2026
  • Danville14
  • United States27

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

100 150 200 250 2018 2019 2020 2021 2022 2023 2024 2025 2026 Danville 96
100 150 200 250 2018 2022 2026
  • Danville96

New listings per month

Sellers arriving at the market.

20 30 40 50 2018 2019 2020 2021 2022 2023 2024 2025 2026 Danville 31
20 30 40 50 2018 2022 2026
  • Danville31

Median sale price

What buyers actually paid — closed sales, not asking prices.

$100,000 $200,000 $300,000 2025 2026 Danville $110,766 United States $371,407
$100,000 $200,000 $300,000 2025 2026
  • Danville$110,766
  • United States$371,407

Sale-to-list ratio

Above 100%, homes sell over asking; below, buyers negotiate wins.

97% 98% 99% 2026 Danville 97.83%
97% 98% 99% 2026
  • Danville97.83%

Zip codes with a Danville address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Danville — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zip codes in Danville