Is Danville, IL a good place to invest in rental property?

Danville, IL has a median modeled monthly cash flow of $-527 and a median cap rate of 3.2%, on a median sold price of $151,850. Prices changed -0.5% year over year.

What is the average cap rate in Danville, IL?

The median cap rate across recently sold homes in Danville, IL is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Danville, IL?

The median sold price in Danville, IL is $151,850 (about $103 per square foot).

Investing in Danville, IL Real Estate

A data-driven snapshot of the Danville, IL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$151,850Median sold price

$103Median $/sqft

3.2%Median cap rate

$-527Modeled cash flow / mo

-0.5%Appreciation YoY

6.3Months of supply

25Active listings

48Sold (last 12 mo)

What the Danville numbers say

In Danville, IL, the median home sold for $151,850 (about $103 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-527 of monthly cash flow. Sold prices moved -0.5% over the past year. Inventory sits at about 6.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Illinois markets to compare

See Danville cash-flowing listings

CashFlowRE ranks every for-sale home in Danville, IL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Danville deals, or browse the national market data.