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Danville Community Consolidated School District 118

Learn about the people, housing, costs and businesses in Danville Community Consolidated School District 118, Illinois

Median Home$235,412
Median Rent$1,148/month
Population235,298
Leading IndustriesPublic Administration · Transportation · Wholesale Trade27% public administration
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners66% of occupied units
Danville Community Consolidated School District 118
IL

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Frequently Asked Questions

What are today's mortgage rates in Danville Community Consolidated School District 118?

As of today, the 30-year fixed mortgage rate for Danville Community Consolidated School District 118 is approximately 6.935% (6.942% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Danville Community Consolidated School District 118
What is the median home price in Danville Community Consolidated School District 118?

The median home value in Danville Community Consolidated School District 118 is $235k. The median monthly rent is $1,148. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Danville Community Consolidated School District 118?

Home values in Danville Community Consolidated School District 118 have increased 15.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Danville Community Consolidated School District 118?

Based on a typical all-in ownership cost of $1,111/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Danville Community Consolidated School District 118 is $70k/year.

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What industries drive the economy in Danville Community Consolidated School District 118?

The largest employment sectors in Danville Community Consolidated School District 118 are public administration (27%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.