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Danville, Virginia

Realtor Aug 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Demand is unremarkable. Hotness 21/100, supply score 7, homes go under contract 36.5% slower than the US median, at 57% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $50K, +2.9% YoY (ZIP); renters hold 43.2% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +4.4% YoY. inventory, +37.6% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $241,582 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

2 ZIPs in this city:24540 24541

Market Hotness

21 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

+36.5%

homes sell slower here

57%

of national median · below avg

Median Listing Price

$242K

Population

59,055

26,146

Median Days on Market

Active Listings

275

New Listings

Housing Market

The median listing price is up 4.4% YoY while the median home got down 11.4% bigger, so value per square foot is up 14.3%.

Pricing

Median Listing Price

$242K+4.4% YoY

Average Listing Price

$287K-2.0% YoY

Price per Sq Ft

$144.673+14.3% YoY

Median Sq Ft

1,508-11.4% YoY

Inventory

Active Listings

275+48.6% YoY

New Listings

720.0% YoY

Total Listings

326+37.6% YoY

Buyer Competition

Pending Listings

51+4.1% YoY

Pending Ratio

0.19-30.0% YoY

Median Days on Market

97+53.1% YoY

Price Reduced

15.5%-25.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 22,376

22Kunits

Occupied19,06685.2%

Vacant3,31014.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 19,066

19Koccupied

Owner9,10947.8%

Renter9,95752.2%

Renter Share

52.2%+2.5% YoY

Total Housing Units

22,376+0.3% YoY

FY2026 Fair Market Rent

CountyDanville city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$630

/month

1 BR

$738

/month

2 BR

$914

/month

3 BR

$1,263

/month

4 BR

$1,415

/month

FMR trends · Danville city

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 43.2% of this ZIP's 26,146 occupied households, on a median household income of $50K.

Population & Age

Total Population

59,055-1.0% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 59,055

59Kresidents

Under 1812,42521.0%

Adults 18–6433,58956.9%

65 & Over13,04122.1%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

42.50-0.6% YoY

Population Under 18

12,425-0.2% YoY

Population 65 & Over

13,041+0.3% YoY

Households & Mobility

Total Households

26,146+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.19-2.5% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.5%

Moved (within US)12.3%

Other0.2%

Veterans

8.9%+3.4% YoY

Income & Poverty

Median Household Income

$50K+2.9% YoY

Per-Capita Income

$31K+2.4% YoY

Mean Household Income

$69K+0.3% YoY

Below Poverty Level

20.6%-3.6% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone78.0%

Public transit1.5%

Worked from home8.3%

Other12.2%

Worked From Home

8.3%+12.7% YoY

Mean Commute

21.41+1.2% YoY

Units & Tenure

Total Housing Units

30,372+0.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 30,372

30Kunits

Occupied26,14686.1%

Vacant4,22613.9%

2024 Tenure ⓘ

U.S. Census ACS · n = 26,146

26Khouseholds

Owner14,85656.8%

Renter11,29043.2%

Avg Household Size — Owner

2.20-1.3% YoY

Avg Household Size — Renter

2.20-4.4% YoY

County Demographics

County population is down 0.1% to 42,214: residents under 18 are up 0.9% and those 65 and over are up 0.8%.

Median Age

40.42024

Population

Danville city Population

41,993-0.3% YoY

Households

Total Households

19,066+2.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.13-2.3% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 42,214

42Kresidents

Under 189,52622.6%

Adults 18–6423,77456.3%

65 & Over8,91421.1%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

9,526+0.9% YoY

Population 65 & Over

8,914+0.8% YoY

Median Age

40.40-1.0% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.7%

Moved (within US)13.1%

Other0.2%

Veterans

8.9%+6.0% YoY

County Economy

County median household income is $44K, 24.7% of residents are below the poverty level, 8.8% work from home.

Income

Median Household Income

$44K+3.8% YoY

Per-Capita Income

$29K+4.7% YoY

Mean Household Income

$64K+3.0% YoY

Poverty

Below Poverty Level

24.7%-1.2% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.4%

Public transit2.2%

Worked from home8.8%

Other13.6%

Worked From Home

8.8%+10.0% YoY

Mean Commute

20.30-1.0% YoY

Done with Danville? Put it next to another market.

State

City

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State

City

ZIP codes

Danville, Virginia

Realtor Aug 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Demand is unremarkable. Hotness 21/100, supply score 7, homes go under contract 36.5% slower than the US median, at 57% of US prices. See the sale evidence ↓
Tenant economics are strong. Median household income $50K, +2.9% YoY (ZIP); renters hold 43.2% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +4.4% YoY. inventory, +37.6% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

2 ZIPs in this city:24540 24541

Market Hotness

21 / 100Realtor.com competitiveness composite

national · lower = hotter

0–100 · supply + demand

higher = tighter supply

higher = stronger demand

+36.5%

homes sell slower here

57%

of national median · below avg

Median Listing Price

$242K

Population

59,055

26,146

Median Days on Market

Active Listings

275

New Listings

Housing Market

The median listing price is up 4.4% YoY while the median home got down 11.4% bigger, so value per square foot is up 14.3%.

Pricing

Median Listing Price

$242K+4.4% YoY

Average Listing Price

$287K-2.0% YoY

Price per Sq Ft

$144.673+14.3% YoY

Median Sq Ft

1,508-11.4% YoY

Inventory

Active Listings

275+48.6% YoY

New Listings

720.0% YoY

Total Listings

326+37.6% YoY

Buyer Competition

Pending Listings

51+4.1% YoY

Pending Ratio

0.19-30.0% YoY

Median Days on Market

97+53.1% YoY

Price Reduced

15.5%-25.9% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 22,376

22Kunits

Occupied19,06685.2%

Vacant3,31014.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 19,066

19Koccupied

Owner9,10947.8%

Renter9,95752.2%

Renter Share

52.2%+2.5% YoY

Total Housing Units

22,376+0.3% YoY

FY2026 Fair Market Rent

CountyDanville city · HUD 40th-percentile estimate, not actual market asking rent

Studio

$630

/month

1 BR

$738

/month

2 BR

$914

/month

3 BR

$1,263

/month

4 BR

$1,415

/month

FMR trends · Danville city

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 43.2% of this ZIP's 26,146 occupied households, on a median household income of $50K.

Population & Age

Total Population

59,055-1.0% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 59,055

59Kresidents

Under 1812,42521.0%

Adults 18–6433,58956.9%

65 & Over13,04122.1%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

42.50-0.6% YoY

Population Under 18

12,425-0.2% YoY

Population 65 & Over

13,041+0.3% YoY

Households & Mobility

Total Households

26,146+1.4% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.19-2.5% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.5%

Moved (within US)12.3%

Other0.2%

Veterans

8.9%+3.4% YoY

Income & Poverty

Median Household Income

$50K+2.9% YoY

Per-Capita Income

$31K+2.4% YoY

Mean Household Income

$69K+0.3% YoY

Below Poverty Level

20.6%-3.6% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone78.0%

Public transit1.5%

Worked from home8.3%

Other12.2%

Worked From Home

8.3%+12.7% YoY

Mean Commute

21.41+1.2% YoY

Units & Tenure

Total Housing Units

30,372+0.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 30,372

30Kunits

Occupied26,14686.1%

Vacant4,22613.9%

2024 Tenure ⓘ

U.S. Census ACS · n = 26,146

26Khouseholds

Owner14,85656.8%

Renter11,29043.2%

Avg Household Size — Owner

2.20-1.3% YoY

Avg Household Size — Renter

2.20-4.4% YoY

County Demographics

County population is down 0.1% to 42,214: residents under 18 are up 0.9% and those 65 and over are up 0.8%.

Median Age

40.42024

Population

Danville city Population

41,993-0.3% YoY

Households

Total Households

19,066+2.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.13-2.3% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 42,214

42Kresidents

Under 189,52622.6%

Adults 18–6423,77456.3%

65 & Over8,91421.1%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

9,526+0.9% YoY

Population 65 & Over

8,914+0.8% YoY

Median Age

40.40-1.0% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house86.7%

Moved (within US)13.1%

Other0.2%

Veterans

8.9%+6.0% YoY

County Economy

County median household income is $44K, 24.7% of residents are below the poverty level, 8.8% work from home.

Income

Median Household Income

$44K+3.8% YoY

Per-Capita Income

$29K+4.7% YoY

Mean Household Income

$64K+3.0% YoY

Poverty

Below Poverty Level

24.7%-1.2% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone75.4%

Public transit2.2%

Worked from home8.8%

Other13.6%

Worked From Home

8.8%+10.0% YoY

Mean Commute

20.30-1.0% YoY

Done with Danville? Put it next to another market.