Market Overview
Home Prices in Danville, VA
The median home value in Danville, VA is $160,922 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Danville are priced61% below average. Danville is part of the Danville, VA metro area.
Over the past five years, Danville home values have risen by approximately41.8%, reflecting strong long-term appreciation in this market.
Price History
Danville Home Price Trend
City Comparison
Danville vs. National Median
At $160,922, homes in Danville cost 61% below the national median of $410,000. This makes Danville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Danville?
20% Down Payment
$32,184
on $160,922
Monthly P&I
$839/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,066/mo
incl. taxes & insurance
Income Needed
$42,640
gross annual (30% rule)
10% Down Option
$16,092
+ PMI applies
Loan Amount (20% dn)
$128,738
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Danville, VA?
The median home value in Danville is $160,922 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Danville?
Over the past year, home values in Danville have increased by 1.1%. Over five years, prices have risen approximately 41.8%.
How much do I need to earn to buy a home in Danville?
To comfortably afford the median home price of $160,922 with a 20% down payment ($32,184) at today's rates (6.8%), you'd need a gross annual income of approximately $42,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Danville compare to the national average home price?
The national median home value is approximately $410,000. At $160,922, homes in Danville are 61% below the national average.
What metro area is Danville part of?
Danville is part of the Danville, VA metropolitan area. Home prices and market conditions can vary across the broader metro region.