The Most Affordable Neighborhoods in Danville City, VA by Home Value

These days, finding an affordable place to live in the Danville City area can be challenging. Home prices in Danville City are now at a median cost of $119,030, lower than the Virginia average of $443,089.

The average cost of rent is $861/mo in Danville City, primarily driven by the current value of real estate in the Danville City area. In Danville City, 52.22% of households rent, and 53.43% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Danville City is $4,005 per month. Households that rent pay about 21.49% of their income on rent here. Danville City’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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