Danville, Arkansas Real Estate & Housing Market

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Danville Housing Information

Index	Danville	Arkansas	National
Median home price	$88,800	$114,700	$184,700
Median rent asked	$519	$689	$949
Avg. people per household	3.5	2.5	2.6
Owner occupied households	53.2%	65.7%	63.6%
Renter occupied households	46.8%	34.3%	36.4%

The above shows an overview of the real estate market in Danville, AR. Note how the median home price for Danville, AR runs $88,800, which is 23% lower than the average property price for Arkansas. So you’re going to get real estate in Danville, AR that is on-average more affordable than what you’ll find in the rest of Arkansas. As for rent, the median for Danville, AR runs $519, which is comparatively 25% lower than the average rent for Arkansas. For Danville, AR, about 53.2% of the population consist of home owners with about 3.5 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Danville, AR offers a wide variety of real estate. To find your perfect home in Danville, AR, filter your choice by price, location, and number of beds and baths using the search area above.

Danville Home Affordability

When deciding where to purchase Danville, AR real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Danville, AR the median home price is $88,800 and $38,214 is the median household income. As a result, the home price to income ratio in Danville, AR is 2.3x, which is 14% lower than the Arkansas average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Danville, AR the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Danville, AR.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Ola, AR	1,170	$59,400	68%
Plainview, AR	616	$71,300	61%
Belleville, AR	424	$72,700	61%
Havana, AR	288	$77,500	58%
Corinth, AR	54	$93,800	49%
Danville, AR	2,357	$88,800	52%

Cities with similar population

City, State	Population	Home Price	National Avg.
Ferrum, VA	2,357	$136,100	26%
Kershaw, SC	2,357	$89,100	52%
LaGrange, OH	2,357	$153,800	17%
Terrace Park, OH	2,356	$496,700	169%
Spring Grove, PA	2,358	$160,900	13%
Danville, AR	2,357	$88,800	52%

Source: The Danville, AR housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).