The typical owner-occupied home in Danville is worth about $91,900, 43% below the West Virginia median of $162,600 and 72% below the national median of $332,700. Owners pay a median $750 a year in property taxes, about 0.82% of their home's value, higher than the West Virginia rate of 0.53%. The median household earns $23,571 a year, so the median home costs 3.9 times the median income (2.7 times for West Virginia). 46% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Danville at a glance
| Danville | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $91,900 | $162,600 | $332,700 |
| Median property tax paid per year | $750 | $865 | $3,119 |
| Property tax as a share of value | 0.82% | 0.53% | 0.94% |
| Median household income | $23,571 | $59,608 | $80,734 |
| Homes lived in by their owners | 46% | 75% | 65% |
| Owner homes with a mortgage | 40% | 46% | 61% |
| Median monthly costs, owners with a mortgage | $1,475 | $1,255 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 17.3% | 21.0% |
| Median rent | $530 | $872 | $1,413 |
| Rent as a share of renters' income | 35.4% | 29.4% | 30.6% |
| Median year homes were built | 1979 | 1976 | 1980 |
| Vacant homes | 22.3% | 15.4% | 10.1% |
| Population | 549 | 1,778,373 | 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 $91,900 with 20% down costs about $596 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $749, 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 $25,528 for the 20%-down payment. That payment is 30% of the median Danville household income of $23,571; at that income and 20% down, the 28% guideline points to a home of about $85,000.
The median rent here is $530 a month, so owning the median home costs about $66 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $18,380 |
|---|---|
| Loan amount | $73,520 |
| Principal and interest | $495 |
| Property taxes (0.82% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $596 |
Change the numbers in the calculator
| Down payment | $3,216 |
|---|---|
| Loan amount | $90,235 |
| Principal and interest | $607 |
| Property taxes (0.82% a year) | $63 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $41 |
| Total per month | $749 |
Change the numbers in the calculator
Questions about home buying in Danville
What is the median home value in Danville?
About $91,900 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 $750 a year, which is about 0.82% 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 $596 a month. Keeping that under 28% of gross income takes about $25,528 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