All homes and bedroom counts
RENTAL MARKET INTELLIGENCE
Danville, IL
Danville merits investigation by yield-focused buyers willing to underwrite weak demand signals; buyers who require job or migration momentum should avoid it.
Median price$99k
Median rent$881
Gross yield10.7%
Job growth▼ 2.4%
Composite Market ScoreRank #230 of 571 scored US market areas
Direct rental answer
How much is rent in Danville, IL?
Zillow's metro-wide Observed Rent Index is $881 per month for 2026-06-30. That is up 3.52% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Danville
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Vermilion County, ILFIPS 17183 | $672 | $742 | $974 | $1,179 | $1,306 |
The read
Why this market scores where it does
Danville merits investigation by yield-focused buyers willing to underwrite weak demand signals; buyers who require job or migration momentum should avoid it. A $98,569 median home value and $881 median asking rent correspond to a 10.72% gross yield, while rent grew 3.52% year over year.
Opportunity lies in low entry cost and limited visible supply: only 10 permits were recorded and months’ supply was 2.4. Yet the labor signal is poor, with jobs down 2.38%, and tax filings show net migration of -102 households. Those demand indicators make current rent performance less reassuring and put tenant depth, occupancy, and resale liquidity at the center of diligence.
Pricing conditions are mixed: 29.23% of listings had price drops, which gives buyers a negotiation signal despite thin inventory. Inland flood is the dominant hazard, and the published climate loss ratio is 0.1274% of building value per year. Investigate property-level flood exposure, insurance terms, and achievable rent before treating the headline yield as durable.
Frequently Asked Investor Questions
What are the headline acquisition and rent economics?
The median home value is $98,569, median asking rent is $881, and gross yield is 10.72%; rent increased 3.52% year over year.
How tight are the for-sale market and construction pipeline?
Months’ supply is 2.4, median days on market is 31, 29.23% of listings had price drops, and 10 permits were recorded.
What do tax filings show about migration and mover income?
1,149 households moved in and 1,251 moved out, for net migration of -102; average income was $40,737 for inbound movers and $44,942 for outbound movers.
Investor Quick Takeaways
Gross Yield: 10.7%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▲ 3.52%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 12.4%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Danville as the starting point or move into a more specific property and rent check.
Run cash flowStarts with this market's measured price and rentSave to shortlistCompare this metro with up to four other placesCheck rent by ZIPMove from metro context to a local rent benchmarkFind a comparison marketRead a curated two-market decision analysisShare this analysisEmail the canonical link without adding page scriptsReport a data issueSend the figure, source and release period to review
Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply2.4 mo.▲ from 1.6 mo. a year ago
Median days on market31 days▲ from 25 days a year ago
Listings with price drops29.2%▲ from 21.8% a year ago
Sale-to-list ratio97.4%2026-05-01
Home value growth▲ 1.3%Zillow ZHVI · trailing 12 months
Rent growth▲ 3.52%Zillow ZORI · trailing 12 months
Gross rental yield10.7%Rent × 12 ÷ price
Payroll job growth▼ 2.4%LAUS · 12m to 2026-05
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady53→53
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
53| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 8 | 30% | 2.40 |
| Rent trend | 54 | 25% | 13.50 |
| Affordability | 89 | 15% | 13.35 |
| Supply pressure | 98 | 15% | 14.70 |
| Climate risk | 61 | 15% | 9.15 |
| Published score | 53 | ||
Danville, IL scoreRank #230
53Job growth8/100
LAUS jobs fell 2.38% year over year -> employment is the clearest demand-side weakness.
Rent trend54/100
Median asking rent rose 3.52% to $881 -> rent performance is positive, but it does not resolve weaker jobs and migration.
Affordability89/100
Price-to-income is 1.73 and rent-to-income is 18.58% -> acquisition and tenant affordability are favorable on these measures.
Supply pressure98/100
Only 10 permits were recorded and months’ supply was 2.4 -> construction activity and listed inventory are limited.
Climate risk61/100
Inland flood is the dominant hazard and the climate loss ratio is 0.1274% -> property-specific flood and insurance review is necessary.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$99k
YoY ▲ 1.3%
ZORI Median Rent
$881
YoY ▲ 3.52%
Gross Rental Yield
10.7%
Rent × 12 ÷ price
$881 × 12 ÷ $98,569
Job Growth (YoY)
▼ 2.4%
LAUS payrolls
Job signal 8/100
Median Household Income
$57k
Census ACS 5-year
Rent Burden
18.6%
Annual rent ÷ household income
Price-to-Income
1.7x
Median value ÷ household income
HUD 2BR Fair Market Rent
$974
Market rent 90.4% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$881Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$742−$139 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$974+$93 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$838−$43 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Danville as context, then replace market-wide evidence with the candidate property's facts.
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
10 units authorised in 2026, 0% of them in 5+ unit buildings. This is a single-family building cycle, so the competition is other houses, not new apartments. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
−102
1,149 in vs 1,251 out (IRS SOI)
▼ 8.9% of arriving households
Mover Income Gap
−$4,205
Arriving $40,737 vs leaving $44,942
Average AGI per tax return (IRS SOI)
Investor Purchase Share
12.4%
74 of 595 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
inland flooding
0.127% building value annual loss ratio
FEMA NRI · risk type: water
Compare yield and FEMA exposure →Households arrive mainly from: Champaign County · Cook County · Iroquois County · Fountain County · Vigo County
✓ 1,149 in − 1,251 out = -102 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- Champaign, IL222 arriving
- Chicago, IL93 arriving
- Terre Haute, IN28 arriving
Leading outbound markets
- Champaign, IL210 leaving
- Chicago, IL75 leaving
- Indianapolis, IN34 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- Jobs declined 2.38% year over year, leaving weaker employment support for tenant demand.
- Tax filings show 1,251 households moved out versus 1,149 in, while outbound movers had higher average income than inbound movers.
- The dominant inland-flood hazard and 0.1274% annual climate loss ratio add asset risk that the metro average cannot resolve.
Inside this micro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
County records
Statistical peers
Market areas that behave like Danville
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Danville, IL (Target) | 53 | $99k | $881 | 10.7% | ▼ 2.4% |
| Roswell, NM | 40 | $172k | $1,399 | 9.8% | ▼ 1.6% |
| Lumberton, NC | 14 | $140k | $1,187 | 10.2% | ▼ 1.7% |
| Clovis, NM | 40 | $163k | $1,206 | 8.9% | ▼ 1.4% |
| Goldsboro, NC | 30 | $190k | $1,437 | 9.1% | ▼ 1.2% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |