Danville, IL home prices
Typical home $101,326 · +3.0% in a year · income needed $32,100
The Danville, IL metro area ranks 883 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.0% in a year and +18.5% over five years. With 20% down at 7.11%, the typical home costs about $749 a month including 1.81% property tax (Vermilion County rate).
Mortgage on the typical Danville home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $20,265 | $81,061 | $545 | $0 | $203 | $749 | $32,100 |
| 10% down | $10,133 | $91,194 | $613 | $38 | $203 | $855 | $36,600 |
| 5% down | $5,066 | $96,260 | $648 | $40 | $203 | $891 | $38,200 |
| 3.5% down (FHA) | $3,546 | $99,491 | $669 | $45 | $203 | $917 | $39,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.81% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Danville area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Vermilion County, IL | $101,321 | +3.0% | 1.81% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Danville?
The typical home in the Danville, IL metro area is worth $101,326 (Zillow, September 2026).
What salary do you need to buy a house in Danville?
About $32,100 a year for the typical home with 20% down at 7.11%.