The typical owner-occupied home in Danville is worth about $122,700, 35% below the Arkansas median of $188,000 and 63% below the national median of $332,700. Owners pay a median $459 a year in property taxes, about 0.37% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $64,420 a year, so the median home costs 1.9 times the median income (3.1 times for Arkansas). 53% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Danville at a glance
| Danville | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $122,700 | $188,000 | $332,700 |
| Median property tax paid per year | $459 | $1,040 | $3,119 |
| Property tax as a share of value | 0.37% | 0.55% | 0.94% |
| Median household income | $64,420 | $60,773 | $80,734 |
| Homes lived in by their owners | 53% | 66% | 65% |
| Owner homes with a mortgage | 40% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $1,082 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 21.5% | 18.5% | 21.0% |
| Median rent | $635 | $947 | $1,413 |
| Rent as a share of renters' income | 20.1% | 27.6% | 30.6% |
| Median year homes were built | 1983 | 1987 | 1980 |
| Vacant homes | 14.0% | 13.5% | 10.1% |
| Population | 2,289 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Danville
At this week's average 30-year rate of 7.11%, buying the median Danville home of $122,700 with 20% down costs about $749 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $954, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $32,112 for the 20%-down payment. That payment is 14% of the median Danville household income of $64,420; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $635 a month, so owning the median home costs about $114 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,540 |
|---|---|
| Loan amount | $98,160 |
| Principal and interest | $660 |
| Property taxes (0.37% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $749 |
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| Down payment | $4,294 |
|---|---|
| Loan amount | $120,478 |
| Principal and interest | $810 |
| Property taxes (0.37% a year) | $38 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $954 |
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Questions about home buying in Danville
What is the median home value in Danville?
About $122,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Danville?
Homeowners pay a median $459 a year, which is about 0.37% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Danville?
For the median home with 20% down at 7.11%, the payment is about $749 a month. Keeping that under 28% of gross income takes about $32,112 a year.
More about Danville
- Mortgage Refinance in Danville
- Debt Relief in Danville
- Home Equity Loans in Danville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data