Danville, VA 24540 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Danville, VA — 24540
Market Hotness
20
Hotness Rank
#12,070
Hotness Score
20
Supply Score
8
Demand Score
32
DOM vs US
+32.5%
Slower
Price vs US
53%
Below avg
Median Listing Price
$230K
Population
31,013
Households
22,376
Median Days on Market
86
Active Listings
139
New Listings
40
Housing Market
Pricing
Median Listing Price
$230K
+29.2% YoY
Average Listing Price
$235K
+10.9% YoY
Price per Sq Ft
$144
+17.3% YoY
Median Sq Ft
1,344
-5.1% YoY
Inventory
Active Listings
139
+86.6% YoY
New Listings
40
-13.0% YoY
Total Listings
173
+59.5% YoY
Buyer Competition
Pending Listings
33
-3.0% YoY
Pending Ratio
0.23
-21.6% YoY
Median Days on Market
86
+54.8% YoY
Price Reduced
14.2%
+4.3% YoY
Units & Occupancy
2024 Occupancy
22K
units
Occupied
19,066
85.2%
Vacant
3,310
14.8%
2024 Tenure
19K
occupied
Owner
9,109
47.8%
Renter
9,957
52.2%
Renter Share
52.2%
+2.5% YoY
Total Housing Units
22,376
+0.3% YoY
FY2026 Fair Market Rent — Danville city
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
Demographics
Median Age
40.4
2024
Population
ZIP Population
31,013
-1.5% YoY
Danville city Population
41,993
-0.3% YoY
Households
Total Households
19,066
+2.3% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.13
-2.3% YoY
Age
2024 Age Mix
42K
residents
Under 18
9,526
22.6%
Adults 18–64
23,774
56.3%
65 & Over
8,914
21.1%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
86.7%
Moved (within US)
13.1%
Other
0.2%
Veterans
8.9%
+6.0% YoY
Economy
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
2023 Commute Mode
of workers
Drove alone
77.0%
Public transit
1.6%
Worked from home
8.0%
Other
13.4%
Worked From Home
8.8%
+10.0% YoY
Mean Commute
20.30
-1.0% YoY
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