Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$133,231−1.0% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$28,882About 0.6× the local median income ($47,220): affordable for a typical household
Days on market103 daysSlower than a year ago: buyers have time to negotiate
The typical home in Danville City, VA is worth $133,231, down 1.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $121,331, so the area is 9.8% overvalued. It is a buyer's market: homes take about 103 days to sell, listings are up 53% from a year ago, 18% of listings have had a price cut. A household needs about $28,882 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $47,220. Typical rent is $1,132 a month. In the latest IRS figures, 240 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$133,231
Change in 1 year
−1.0%
Overvalued %
+9.8%
Show 6 more
Fair home value
$121,331
Change in 5 years
+43.5%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$722
Income needed to afford it
$28,882
Property tax rate
0.65%
Rent and investing
Typical rent
$1,132
Price-to-rent ratio
9.8×
HUD Fair Market Rent, 2 bedrooms
$943
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Gross rental yield
10.19%
Cap rate (estimate)
6.63%
Market activity
Listings vs a year ago
+52.6%
Days on market
103
Listings with a price cut
18.4%
Show 3 more
Homes for sale
232
Pending sales per 100 listings
13
Asking price per sq ft
$128
People and jobs
Median household income
$47,220
Population change (1 year)
−0.7%
Unemployment rate
5.6%
Show 4 more
Population
41,647
Income adjusted for cost of living
$53,416
Net moves in (IRS)
+240
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
1.7
FEMA hazard risk score (0 to 100)
68.0
Flood risk score
81.5
Show 3 more
Wildfire risk score
13.8
Walkability (1 to 20)
7.6
Road, rail and air noise
53 dB
Questions people ask
Is Danville City, VA overvalued?
Home prices in Danville City, VA are slightly above what local incomes have historically supported: fair value is about $121,331, so the area is 9.8% overvalued.
Is Danville City, VA a buyer's or seller's market?
Danville City, VA is a buyer's market: homes take about 103 days to sell, listings are up 53% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Danville City, VA?
Home values in Danville City, VA are down 1.0% over the last year.
How much do you need to earn to buy a home in Danville City, VA?
A household needs about $28,882 a year to afford the typical home in Danville City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $47,220.