Danville, Virginia Housing Market

What stands out in Danville?

• The median household earns $49,576 a year: among the lowest incomes of 765 tracked cities. Rents are capped by what local households earn.
• Asking price per square foot is up 11.1% on the year: among the fastest-rising asking prices per square foot of 765 tracked cities. Sellers will price off recent gains. Comp carefully.
• Listings spend a median 99 days on the market: among the longest times on market of 765 tracked cities. Stale listings are common. Sellers who have waited are open to offers.

Are Danville price gains broad or limited to a few ZIP codes?

Asking price per square foot in Danville is up 11.1% over the last year. Over five years the pace has been 8.4% a year. Underwrite closer to that than to the last twelve months.

How does Danville compare with other Virginia markets?

Ranked among the 18 Virginia markets we track:

• Asking price: the cheapest of 18. Danville is at $226,486. Closest: Lynchburg.
• Time on market: the longest time on market of 18. Danville is at a median of 99 days on market. Closest: Blacksburg.
• Price cuts: 4th fewest price cuts of 18. Danville is at 18% of sellers cutting. Closest: Leesburg and Charlottesville.

Is now a good time to buy in Danville?

The median asking price is 11.0% below its Jul 2026 peak. Per square foot the gap is smaller: 2.4% below the Aug 2026 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Danville prices have risen in 84 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

What is the fair market rent in Danville?

HUD sets one fair market rent for Danville city. For fiscal year 2026:

• 1 bedroom: $738 a month. Up 7% on last year, up 36% since FY2016.
• 2 bedrooms: $914 a month. Up 7% on last year, up 34% since FY2016.
• 3 bedrooms: $1,263 a month. Up 8% on last year, up 33% since FY2016.
• 4 bedrooms: $1,415 a month. Up 8% on last year, up 32% since FY2016.

The figures include tenant-paid utilities and apply to all of Danville city, so one home's rent can sit well above or below them. See fair market rent by city.

Who will rent from you in Danville?

In Danville, 43 out of every 100 households rent. That is nearly half. That share has held steady for five years. Renter households average 2.2 people. Two and three bedrooms fit the typical renter.

Households grew 1% in five years. The housing stock held flat. The two are moving in step. 13.9% of homes sit empty. Tenants have options. Budget extra weeks of vacancy between leases.

The median Danville household earns $49,576 a year. Incomes here have grown 4.5% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 4.6 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $1,239 a month.

To see what one Danville address would rent for and cash flow, run it through the app.

What numbers should you underwrite a Danville deal with?

• Price growth to assume — +8.0%/yr. Danville has grown about 8.4% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 11.1% over the last year. Use it for timing. The five-year rate is the better guide.
• Months of carrying cost — 4. Budget at least 99 days of holding costs, the current median time on market, when you exit or refinance. That is 40% longer than a year ago.
• Odds you cut your price to sell — 1 in 6. 18% of Danville listings have cut their asking price. Underwrite your exit below asking.
• Competition when you exit — +47%. Homes for sale in Danville are up 47% on last year, so your resale faces more competition than today's comps did.

Read when a cheap market is a warning and how we read these numbers, then run the numbers on a deal.

What is the median home price in Danville?

The median asking price in Danville is about $226,000 as of Sep 2026, up 0.6% from a year ago. The typical listing is 11% smaller than a year ago, and asking price per square foot is up 11.1%. So the size of homes on the market explains much of the rise. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Danville figures cover the 2 ZIP codes with a Danville mailing address, which can reach past city limits.

Is Danville a buyer's or seller's market in 2026?

Neither side has the upper hand in Danville right now. We compare Danville with 2017–2019 at this time of year: 18% of sellers have cut their price, against 13% then; listings spend 10% more days on the market; there are 8% fewer homes for sale.

Are Danville home prices going up or down?

The median asking price is 11.0% below its Jul 2026 peak. Per square foot the gap is smaller: 2.4% below the Aug 2026 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What is the best month to buy a house in Danville?

Across 9 full years, Danville asking prices ran lowest in March, about 9.4% below the year's average. They peaked in September. The most homes for sale show up in September, about 7% above the yearly average.

How long do homes stay on the market in Danville?

Danville listings spend a median 99 days on the market. That is 40% longer than a year ago.

What price growth should I assume for Danville?

Assume +8.0% a year. Danville has grown about 8.4% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices rose 11.1% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Danville?

HUD's fiscal year 2026 fair market rent for Danville city is $914 a month for 2 bedrooms and $1,263 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.