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1 / 18#18. Danville, IL
- Typical home value: $83,490
- 1-year price change: +1.9%
- 5-year price change: +9.0%
Cities with the most expensive homes in the Danville metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Danville metro area using data from . Charts show the monthly typical home value since January 2018. All 18 cities and towns with data available were included in the list.
You may also like: Danville mid-year housing market review
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2 / 18#17. Hoopeston, IL
- Typical home value: $84,196
- 1-year price change: +1.2%
- 5-year price change: +7.8%
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3 / 18#16. Tilton, IL
- Typical home value: $84,405
- 1-year price change: +10.9%
- 5-year price change: +45.6%
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4 / 18#15. Rankin, IL
- Typical home value: $96,502
- 1-year price change: +3.0%
- 5-year price change: +18.9%
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5 / 18#14. Ridge Farm, IL
- Typical home value: $97,976
- 1-year price change: +4.9%
- 5-year price change: +16.8%
You may also like: People from these metros are looking to buy homes in Danville
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6 / 18#13. Georgetown, IL
- Typical home value: $103,200
- 1-year price change: -1.8%
- 5-year price change: +28.1%
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7 / 18#12. Westville, IL
- Typical home value: $105,198
- 1-year price change: -3.1%
- 5-year price change: +24.5%
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8 / 18#11. Sidell, IL
- Typical home value: $113,350
- 1-year price change: +5.6%
- 5-year price change: +19.0%
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9 / 18#10. Rossville, IL
- Typical home value: $117,720
- 1-year price change: +1.2%
- 5-year price change: +23.6%
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10 / 18#9. Indianola, IL
- Typical home value: $130,262
- 1-year price change: +3.2%
- 5-year price change: -7.8%
You may also like: How much house does $500,000 buy you in Danville?
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11 / 18#8. Potomac, IL
- Typical home value: $141,294
- 1-year price change: +6.4%
- 5-year price change: +29.2%
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12 / 18#7. Fairmount, IL
- Typical home value: $163,945
- 1-year price change: +4.7%
- 5-year price change: +28.8%
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13 / 18#6. Alvin, IL
- Typical home value: $165,874
- 1-year price change: +5.4%
- 5-year price change: +12.2%
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14 / 18#5. Armstrong, IL
- Typical home value: $170,963
- 1-year price change: +7.8%
- 5-year price change: +34.0%
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15 / 18#4. Oakwood, IL
- Typical home value: $171,135
- 1-year price change: +7.9%
- 5-year price change: +31.4%
You may also like: How gas prices have changed in Danville in the last week
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16 / 18#3. Fithian, IL
- Typical home value: $174,023
- 1-year price change: +9.8%
- 5-year price change: +35.2%
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17 / 18#2. Catlin, IL
- Typical home value: $175,020
- 1-year price change: +11.7%
- 5-year price change: +46.1%
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18 / 18#1. Bismarck, IL
- Typical home value: $179,960
- 1-year price change: +5.2%
- 5-year price change: +23.0%
