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 a population of 4,159, 1,547 total housing units (homes and apartments), and a median house value of $289,767, Danville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Danville, accounting for 73.71% of the town's housing units. Other types of housing that are prevalent in Danville include mobile homes or trailers ( 21.48%), row houses and other attached homes ( 4.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Danville. Owner-occupied housing accounts for 80.79% of Danville's homes, and 78.90% have either three or four bedrooms, which is average sized relative to America.
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 2000 and later ( 27.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.89%). There's also some housing in Danville built before 1939 ( 4.14%).
Vacant housing appears to be an issue in Danville. Fully 17.41% of the housing stock is classified as vacant. Left unchecked, vacant Danville homes and apartments can be a drag on the real estate market, holding Danville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 6.22% during the period.
Over the last year, Danville appreciation rates have trailed the rest of the nation. In the last twelve months, Danville's appreciation rate has been -2.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Danville were at 4.98%, which equates to an annual appreciation rate of 21.47%.
Importantly, this makes Danville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Alabama, our data show that Danville's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.
$289,767
for Alabama
for nation
1,547
$1,877 / per month