Updated 2026 · Based on median market data for Danville, IL
Danville sits in the Midwest with a population of 50,000 growing at 0.2% annually. The median home costs $95,000 while rents average $850/mo, producing an estimated cap rate of 7.24%. This puts Danville in the upper tier of investable US markets.
Danville is ideal for cash flow investors, BRRRR practitioners, and anyone building a portfolio of affordable, income-producing rentals. The low price point ($95,000) means you can get started with a $19,000 down payment, and the 7.24% cap rate should produce positive cash flow even with conservative financing.
Target properties priced 15-25% below the $95,000 median — around $76,000 or less. At this price point with $850/mo rents, your cap rate improves to roughly 9.8%. Factor in 2.06% property taxes ($1,957/yr), budget 5% of gross rent for maintenance, and underwrite to a 5.9% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $768.
Property taxes at 2.06% are notably high — this is a significant drag on NOI that some investors underestimate. Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.
Run the numbers on a specific Danville property using our cap rate calculator (pre-filled with Danville data). Compare Danville against similar markets in the Midwest region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.
Danville vs Illinois state average and national average across key investment metrics. Danville outperforms both benchmarks on cap rate.