DANVILLE Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Danville averaged 6.68% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.2% and one month ago for the week of 2023-04-20, the average rate was 6.2%.

    Danville's average rate one year ago was 5.06%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.87%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Danville 30 Year Fixed Rate 2023-05-25 6.68%
    Danville 30 Year Fixed Rate Refi 2023-05-25 6.87%
    Danville 15 Year Fixed Rate 2023-05-25 6.07%
    Danville 15 Year Fixed Rate Refi 2023-05-25 6.57%
    Danville 30 Year FHA 2023-05-25 5.98%
    Danville 30 Year FHA Refi 2023-05-25 6.41%
    Danville 30 Year USDA 2023-05-25 6.83%
    Danville 30 Year USDA Refi 2023-05-25 6.43%
    Danville 30 Year VA 2023-05-25 6.69%
    Danville 30 Year VA Refi 2023-05-25 6.51%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within DANVILLE, IL.

    DANVILLE Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the DANVILLE, IL market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Iroquois Federal Savings and Loan Association 44 4.66% $1,768
    Longview Bank & Trust 28 5.16% $4,028
    FLAT BRANCH MORTGAGE, INC. 22 5.26% $2,704
    CROSSCOUNTRY MORTGAGE, LLC 15 5.29% $3,544
    QUICKEN LOANS, LLC 11 5.62% $4,473
    First Financial Bank 9 5.67% $2,626
    First Farmers Bank and Trust Company 9 5.07% $1,956
    Vibrant Credit Union 8 4.69% $2,113
    CIBM Bank 8 4.15% $2,572
    Wells Fargo Bank 6 5.29% $3,108
    JPMorgan Chase Bank 6 4.60% $4,896
    UNITED WHOLESALE MORTGAGE, LLC 5 5.85% $3,328
    Old National Bank 5 5.18% $3,065
    Busey Bank 5 4.05% $2,325
    INB 5 5.88% $2,587
    LOANDEPOT.COM, LLC 4 5.84% $4,131
    First Financial Bank 4 4.78% $2,483
    The Huntington National Bank 4 6.06% $3,446
    CITIZENS EQUITY FIRST 3 4.33% $1,818
    CALIBER HOME LOANS, INC. 3 5.29% $2,909
    FINANCE OF AMERICA MORTGAGE LLC 3 5.67% $4,521
    First Midwest Bank 2 3.31% $3,403
    ROYAL UNITED MORTGAGE LLC 2 6.56% $6,656
    Mortgage Research Center, LLC 2 4.56% $5,403
    Chicago Mortgage Solutions LLC 2 4.53% $2,013
    MIDWEST AMERICA 2 4.88% $2,188
    MEMBER FIRST MORTGAGE, LLC 2 5.00% $2,487
    BETTER MORTGAGE CORPORATION 2 4.94% $2,612
    Flagstar Bank, FSB 2 6.69% $3,409
    PNC Bank 2 6.75% $2,794
    UNIVERSITY OF ILLINOIS COMMUNITY 2 5.00% $1,408
    First Mid Bank & Trust 2 5.44% $2,094
    Petefish, Skiles & Co. 2 6.94% $2,447
    AMERISAVE MORTGAGE CORPORATION 2 4.87% $5,400
    Think Mutual Bank 1 5.13% $2,591
    AMERIFIRST FINANCIAL CORPORATION 1 5.88% $3,172
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $3,222
    Citizens Bank 1 5.38% $2,133
    Colonial Savings, F.A. 1 2.88% $0
    Credit Union 1 1 5.25% $3,001
    ENDEAVOR CAPITAL, LLC. 1 3.25% $6,001
    EVERETT FINANCIAL, INC. 1 3.63% $1,673
    Farm Credit Mid-America, ACA 1 6.10% $5,688
    FIRST CENTENNIAL MORTGAGE CORPORATION 1 3.63% $2,309
    Heartland Bank and Trust Company 1 3.88% $1,911
    HOMESIDE FINANCIAL, LLC 1 5.50% $3,298
    Key Mortgage Services, Inc. 1 4.50% $4,384
    LAKEVIEW LOAN SERVICING, LLC 1 7.63% $3,704
    Marine Bank 1 4.25% $1,492
    Mr. Cooper ( Nationstar Mortgage ) 1 4.99% $2,559
    Pinnacle Bank 1 5.88% $2,374
    Prairie State Bank and Trust 1 3.88% $2,224
    RUOFF MORTGAGE COMPANY, INC. 1 5.25% $2,219
    AMERICAN FINANCING CORPORATION 1 3.63% $3,985
    Third Federal Savings and Loan Association of Cleveland 1 6.39% $295
    USAA Federal Savings Bank 1 5.88% $2,658
    U.S. Bank 1 4.88% $2,315

    DANVILLE Average Closing Costs & Other Stats

    DANVILLE, IL's 57 lenders originated 1,049 loans during 2022. The total origination value was $109,605,000, with an average loan value of $104,485.

    DANVILLE's average closing costs are $3,448.

    The top DANVILLE lender as defined by loan originations is Iroquois Federal Savings and Loan Association, with 44 loans originated. Their average total fees are $1,768, which is $2,261 lower than the next largest lender, Longview Bank & Trust.

    The lowest fee DANVILLE lenders (with over 10 loans originated) are Iroquois Federal Savings and Loan Association ($1,768), FLAT BRANCH MORTGAGE, INC. ($2,704), CROSSCOUNTRY MORTGAGE, LLC ($3,544), Longview Bank & Trust ($4,028) and QUICKEN LOANS, LLC ($4,473).

    The lowest rate DANVILLE lenders (with over 10 loans originated) are Iroquois Federal Savings and Loan Association (4.66%), Longview Bank & Trust (5.16%), FLAT BRANCH MORTGAGE, INC. (5.26%), CROSSCOUNTRY MORTGAGE, LLC (5.29%) and QUICKEN LOANS, LLC (5.62%).

    DANVILLE, IL Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Catlin Bank $24,190,000 $16,445,000 -32.0% 15.0%
    Iroquois Federal Savings and Loan Association $20,630,000 $12,270,000 -40.5% 11.2%
    FLAT BRANCH MORTGAGE, INC. $7,890,000 $9,965,000 26.3% 9.1%
    CROSSCOUNTRY MORTGAGE, LLC $12,400,000 $6,805,000 -45.1% 6.2%
    QUICKEN LOANS, LLC $12,165,000 $5,725,000 -52.9% 5.2%
    Longview Bank & Trust $7,270,000 $5,090,000 -30.0% 4.6%
    Mortgage Research Center, LLC $4,140,000 $4,120,000 -0.5% 3.8%
    Busey Bank $3,615,000 n/a 3.3%
    Old National Bank $1,915,000 $3,315,000 73.1% 3.0%
    First Financial Bank $635,000 $2,730,000 329.9% 2.5%
    First Farmers Bank and Trust Company $3,205,000 $2,535,000 -20.9% 2.3%
    LOANDEPOT.COM, LLC $1,390,000 $2,185,000 57.2% 2.0%
    UNITED WHOLESALE MORTGAGE, LLC $1,120,000 $2,155,000 92.4% 2.0%
    Magnolia Bank $955,000 $1,650,000 72.8% 1.5%
    Vibrant Credit Union $3,035,000 $1,635,000 -46.1% 1.5%
    CIBM Bank $2,040,000 $1,405,000 -31.1% 1.3%
    CALIBER HOME LOANS, INC. $2,285,000 $1,350,000 -40.9% 1.2%
    JPMorgan Chase Bank $1,805,000 $1,175,000 -34.9% 1.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,940,000 $1,100,000 -43.3% 1.0%
    The Huntington National Bank $410,000 $1,040,000 153.7% 0.9%
    Wells Fargo Bank $2,515,000 $985,000 -60.8% 0.9%
    FREEDOM MORTGAGE CORPORATION $2,230,000 $955,000 -57.2% 0.9%
    FINANCE OF AMERICA MORTGAGE LLC $765,000 n/a 0.7%
    MIDWEST AMERICA $1,210,000 $745,000 -38.4% 0.7%
    AMERISAVE MORTGAGE CORPORATION $745,000 $720,000 -3.4% 0.7%
    INB $2,085,000 $710,000 -65.9% 0.6%
    CITIZENS EQUITY FIRST $635,000 n/a 0.6%
    HOME POINT FINANCIAL CORPORATION $1,005,000 $595,000 -40.8% 0.5%
    First Financial Bank $635,000 $590,000 -7.1% 0.5%
    NEW DAY FINANCIAL, LLC $270,000 $555,000 105.6% 0.5%
    Citizens Bank $475,000 n/a 0.4%
    First Mid Bank & Trust $460,000 $465,000 1.1% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,095,000 $410,000 -80.4% 0.4%
    ROYAL UNITED MORTGAGE LLC $360,000 $405,000 12.5% 0.4%
    First Federal Savings Bank of Champaign-Urbana $175,000 $395,000 125.7% 0.4%
    NAVY FEDERAL CREDIT UNION $410,000 $395,000 -3.7% 0.4%
    Midland States Bank $580,000 $390,000 -32.8% 0.4%
    Carrington Mortgage Services, LLC $595,000 $375,000 -37.0% 0.3%
    First Midwest Bank $3,120,000 $375,000 -88.0% 0.3%
    FIRST STATE MORTGAGE SERVICES, LLC $370,000 n/a 0.3%
    PENNYMAC LOAN SERVICES, LLC $1,670,000 $365,000 -78.1% 0.3%
    AMERIFIRST FINANCIAL CORPORATION $1,565,000 $360,000 -77.0% 0.3%
    Prospect Bank $725,000 $360,000 -50.3% 0.3%
    TRIAD FINANCIAL SERVICES, INC. $250,000 $335,000 34.0% 0.3%
    Flagstar Bank, FSB $85,000 $325,000 282.4% 0.3%
    GUARANTEED RATE, INC. $700,000 $325,000 -53.6% 0.3%
    USAA Federal Savings Bank $615,000 $320,000 -48.0% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $315,000 n/a 0.3%
    Colonial Savings, F.A. $295,000 n/a 0.3%
    Farm Credit Mid-America, ACA $705,000 $295,000 -58.2% 0.3%
    UNIVERSITY OF ILLINOIS COMMUNITY $370,000 $275,000 -25.7% 0.3%
    Petefish, Skiles & Co. $720,000 $270,000 -62.5% 0.2%
    BETTER MORTGAGE CORPORATION $330,000 $265,000 -19.7% 0.2%
    Low VA Rates, LLC $255,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $250,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $250,000 n/a 0.2%
    MEMBER FIRST MORTGAGE, LLC $245,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $75,000 $240,000 220.0% 0.2%
    Heartland Bank and Trust Company $360,000 $235,000 -34.7% 0.2%
    Marine Bank $1,355,000 $235,000 -82.7% 0.2%
    PNC Bank $1,055,000 $230,000 -78.2% 0.2%
    FIRST INTEGRITY MORTGAGE SERVICES, INC. $225,000 n/a 0.2%
    U.S. Bank $655,000 $225,000 -65.6% 0.2%
    VILLAGE CAPITAL MORTGAGE $790,000 $220,000 -72.2% 0.2%
    First State Bank $145,000 $210,000 44.8% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $205,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $250,000 $195,000 -22.0% 0.2%
    SOVEREIGN LENDING GROUP INCORPORATED $195,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $670,000 $190,000 -71.6% 0.2%
    Prairie State Bank and Trust $640,000 $180,000 -71.9% 0.2%
    Regions Bank $290,000 $175,000 -39.7% 0.2%
    Credit Union 1 $625,000 $170,000 -72.8% 0.2%
    Equity Prime Mortgage LLC $75,000 $160,000 113.3% 0.1%
    ENDEAVOR CAPITAL, LLC. $155,000 $155,000 0.0% 0.1%
    Chicago Mortgage Solutions LLC $150,000 n/a 0.1%
    Fifth Third Bank $85,000 $150,000 76.5% 0.1%
    FIRST CENTENNIAL MORTGAGE CORPORATION $150,000 n/a 0.1%
    Hickory Point Bank and Trust $150,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $145,000 n/a 0.1%
    The Fisher National Bank $230,000 $140,000 -39.1% 0.1%
    Hometown Equity Mortgage, LLC $125,000 n/a 0.1%
    Pinnacle Bank $125,000 n/a 0.1%
    The Federal Savings Bank $185,000 $125,000 -32.4% 0.1%
    Bank of England $195,000 $115,000 -41.0% 0.1%
    NEWREZ LLC $380,000 $110,000 -71.1% 0.1%
    Key Mortgage Services, Inc. $105,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $105,000 n/a 0.1%
    Third Federal Savings and Loan Association of Cleveland $105,000 n/a 0.1%
    TOWNE MORTGAGE COMPANY $55,000 $105,000 90.9% 0.1%
    21ST MORTGAGE CORPORATION $220,000 $100,000 -54.5% 0.1%
    Figure Lending LLC $95,000 n/a 0.1%
    Flanagan State Bank $55,000 $95,000 72.7% 0.1%
    Mid-Continent Funding, Inc. $95,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $95,000 n/a 0.1%
    Nations Lending Corporation $115,000 $95,000 -17.4% 0.1%
    Think Mutual Bank $95,000 n/a 0.1%
    Northpointe Bank $90,000 n/a 0.1%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $535,000 $85,000 -84.1% 0.1%
    First Guaranty Mortgage Corporation $370,000 $85,000 -77.0% 0.1%
    GUILD MORTGAGE COMPANY $125,000 $75,000 -40.0% 0.1%
    AMERICAN ADVISORS GROUP $145,000 $55,000 -62.1% 0.1%
    GENEVA FINANCIAL, LLC $55,000 n/a 0.1%
    RUOFF MORTGAGE COMPANY, INC. $55,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $75,000 $45,000 -40.0% 0.0%
    First State Bank of Forrest $160,000 $25,000 -84.4% 0.0%

    DANVILLE's top lender by overall market share is Catlin Bank, with 15.0% market share. In second place, with 11.2%, is Iroquois Federal Savings and Loan Association, having originated $12,270,000 in loans. In third place, with 9.1%, is FLAT BRANCH MORTGAGE, INC., having originated $9,965,000 in loans. In fourth place, with 6.2%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $6,805,000 in loans. In fifth place, with 5.2%, is QUICKEN LOANS, LLC, having originated $5,725,000 in loans.

    DANVILLE Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - DANVILLE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $69,900 (7.9%) $100,306 (12.9%) 0.00 286
    2018-02-01 $72,700 (12.0%) $101,759 (12.2%) 0.00 286
    2018-03-01 $73,500 (13.2%) $105,117 (12.4%) 0.00 296
    2018-04-01 $77,250 (19.0%) $109,535 (18.4%) 0.00 296
    2018-05-01 $83,750 (21.2%) $110,563 (9.9%) 0.00 307
    2018-06-01 $85,000 (25.2%) $110,115 (10.5%) 0.00 312
    2018-07-01 $84,900 (23.1%) $111,237 (8.1%) 0.00 322
    2018-08-01 $83,850 (17.7%) $110,002 (4.4%) 0.00 334
    2018-09-01 $79,945 (14.5%) $110,200 (8.2%) 0.00 327
    2018-10-01 $80,000 (15.9%) $109,042 (6.1%) 0.00 334
    2018-11-01 $82,125 (20.8%) $112,224 (9.4%) 0.00 317
    2018-12-01 $79,900 (14.3%) $112,647 (11.3%) 0.00 316
    2019-01-01 $77,125 (10.3%) $111,566 (11.2%) 0.00 310
    2019-02-01 $79,700 (9.6%) $115,476 (13.5%) 0.00 295
    2019-03-01 $85,750 (16.7%) $119,132 (13.3%) 0.00 292
    2019-04-01 $86,950 (12.6%) $117,993 (7.7%) 0.00 294
    2019-05-01 $84,900 (1.4%) $119,015 (7.6%) 0.00 297
    2019-06-01 $87,250 (2.7%) $120,180 (9.1%) 0.00 302
    2019-07-01 $88,300 (4.0%) $118,710 (6.7%) 0.00 300
    2019-08-01 $85,500 (2.0%) $117,988 (7.3%) 0.00 298
    2019-09-01 $81,200 (1.6%) $116,405 (5.6%) 0.00 277
    2019-10-01 $81,000 (1.3%) $115,154 (5.6%) 0.00 283
    2019-11-01 $84,400 (2.8%) $113,686 (1.3%) 0.00 273
    2019-12-01 $75,000 (-6.1%) $106,960 (-5.1%) 0.00 268
    2020-01-01 $79,000 (2.4%) $109,821 (-1.6%) 0.00 255
    2020-02-01 $79,900 (0.3%) $109,685 (-5.0%) 0.00 239
    2020-03-01 $78,750 (-8.2%) $112,082 (-5.9%) 0.00 207
    2020-04-01 $81,475 (-6.3%) $117,672 (-0.3%) 0.00 200
    2020-05-01 $85,000 (0.1%) $119,176 (0.1%) 0.00 182
    2020-06-01 $91,225 (4.6%) $121,803 (1.4%) 0.00 172
    2020-07-01 $93,850 (6.3%) $119,751 (0.9%) 0.00 167
    2020-08-01 $93,750 (9.7%) $123,022 (4.3%) 0.00 171
    2020-09-01 $89,600 (10.3%) $120,035 (3.1%) 0.00 180
    2020-10-01 $89,000 (9.9%) $118,074 (2.5%) 0.00 181
    2020-11-01 $92,175 (9.2%) $124,041 (9.1%) 0.00 160
    2020-12-01 $87,875 (17.2%) $124,756 (16.6%) 0.00 140
    2021-01-01 $87,750 (11.1%) $127,536 (16.1%) 0.00 117
    2021-02-01 $86,625 (8.4%) $134,726 (22.8%) 0.00 100
    2021-03-01 $94,925 (20.5%) $134,907 (20.4%) 0.00 87
    2021-04-01 $84,125 (3.3%) $132,985 (13.0%) 0.00 72
    2021-05-01 $89,450 (5.2%) $133,873 (12.3%) 0.00 79
    2021-06-01 $97,375 (6.7%) $136,972 (12.5%) 0.00 98
    2021-07-01 $104,900 (11.8%) $135,734 (13.4%) 0.00 92
    2021-08-01 $99,050 (5.7%) $122,900 (-0.1%) 0.00 97
    2021-09-01 $99,900 (11.5%) $118,606 (-1.2%) 0.00 107
    2021-10-01 $109,000 (22.5%) $130,473 (10.5%) 0.00 102
    2021-11-01 $102,475 (11.2%) $128,280 (3.4%) 0.00 103
    2021-12-01 $92,200 (4.9%) $119,014 (-4.6%) 0.00 84
    2022-01-01 $85,000 (-3.1%) $114,150 (-10.5%) 0.00 72
    2022-02-01 $80,000 (-7.7%) $112,683 (-16.4%) 0.00 58
    2022-03-01 $79,900 (-15.8%) $128,861 (-4.5%) 0.00 59
    2022-04-01 $94,950 (12.9%) $140,690 (5.8%) 0.00 64
    2022-05-01 $117,500 (31.4%) $156,928 (17.2%) 0.00 65
    2022-06-01 $103,225 (6.0%) $167,534 (22.3%) 0.00 69
    2022-07-01 $110,000 (4.9%) $156,436 (15.3%) 0.00 90
    2022-08-01 $119,900 (21.1%) $167,529 (36.3%) 0.00 99
    2022-09-01 $100,975 (1.1%) $153,957 (29.8%) 0.00 116
    2022-10-01 $99,900 (-8.4%) $141,084 (8.1%) 0.00 121
    2022-11-01 $110,975 (8.3%) $124,913 (-2.6%) 0.00 133
    2022-12-01 $110,000 (19.3%) $126,200 (6.0%) 0.00 116
    2023-01-01 $99,900 (17.5%) $124,578 (9.1%) 0.00 103
    2023-02-01 $102,400 (28.0%) $128,283 (13.8%) 0.00 86
    2023-03-01 $109,850 (37.5%) $130,271 (1.1%) 0.00 81
    2023-04-01 $99,900 (5.2%) $129,754 (-7.8%) 0.00 83
    DANVILLE's median listing price for 2023-04-01 was $99,900, a difference of $4,950 (5.2%) versus the prior year and $-9,950 versus the prior month.

    DANVILLE's median listing price comes in at 0% of the national average.

    DANVILLE's average listing price for 2023-04-01 was $129,754, a difference of $-10,936 (-7.8%) versus the prior year and $-517 versus the prior month.

    For the 2023-04-01 period, DANVILLE had 83 MLS listings, a difference of 2 listings (2%) versus the prior month and 19 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - DANVILLE (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,477 sqft
    2018-02-01 0 days 1,465 sqft
    2018-03-01 0 days 1,531 sqft
    2018-04-01 0 days 1,574 sqft
    2018-05-01 0 days 1,591 sqft
    2018-06-01 0 days 1,600 sqft
    2018-07-01 0 days 1,594 sqft
    2018-08-01 0 days 1,600 sqft
    2018-09-01 0 days 1,554 sqft
    2018-10-01 0 days 1,572 sqft
    2018-11-01 0 days 1,590 sqft
    2018-12-01 0 days 1,580 sqft
    2019-01-01 0 days 1,571 sqft
    2019-02-01 0 days 1,561 sqft
    2019-03-01 0 days 1,574 sqft
    2019-04-01 0 days 1,600 sqft
    2019-05-01 0 days 1,600 sqft
    2019-06-01 0 days 1,610 sqft
    2019-07-01 0 days 1,635 sqft
    2019-08-01 0 days 1,646 sqft
    2019-09-01 0 days 1,577 sqft
    2019-10-01 0 days 1,588 sqft
    2019-11-01 0 days 1,600 sqft
    2019-12-01 0 days 1,560 sqft
    2020-01-01 0 days 1,622 sqft
    2020-02-01 0 days 1,611 sqft
    2020-03-01 0 days 1,603 sqft
    2020-04-01 0 days 1,689 sqft
    2020-05-01 0 days 1,688 sqft
    2020-06-01 0 days 1,650 sqft
    2020-07-01 0 days 1,603 sqft
    2020-08-01 0 days 1,624 sqft
    2020-09-01 0 days 1,557 sqft
    2020-10-01 0 days 1,580 sqft
    2020-11-01 0 days 1,649 sqft
    2020-12-01 0 days 1,600 sqft
    2021-01-01 0 days 1,657 sqft
    2021-02-01 0 days 1,600 sqft
    2021-03-01 0 days 1,716 sqft
    2021-04-01 0 days 1,642 sqft
    2021-05-01 0 days 1,558 sqft
    2021-06-01 0 days 1,565 sqft
    2021-07-01 0 days 1,620 sqft
    2021-08-01 0 days 1,522 sqft
    2021-09-01 0 days 1,532 sqft
    2021-10-01 0 days 1,611 sqft
    2021-11-01 0 days 1,529 sqft
    2021-12-01 0 days 1,465 sqft
    2022-01-01 0 days 1,451 sqft
    2022-02-01 0 days 1,440 sqft
    2022-03-01 0 days 1,383 sqft
    2022-04-01 0 days 1,390 sqft
    2022-05-01 0 days 1,509 sqft
    2022-06-01 0 days 1,432 sqft
    2022-07-01 0 days 1,500 sqft
    2022-08-01 0 days 1,643 sqft
    2022-09-01 0 days 1,785 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 1,573 sqft
    2022-12-01 0 days 1,556 sqft
    2023-01-01 0 days 1,549 sqft
    2023-02-01 0 days 1,589 sqft
    2023-03-01 0 days 1,671 sqft
    2023-04-01 0 days 1,612 sqft
    DANVILLE's median listing age (time on market) for 2023-04-01 was 0 days.

    DANVILLE's median square footage for active listings during the 2023-04-01 period was 1,612 sqft. One year prior, the average listing was 1,390 sqft.

    DANVILLE, IL Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    60932 Danville, IL $560 $580 $760 $980 $1,020
    60942 Danville, IL $550 $560 $740 $950 $1,000
    60960 Danville, IL $670 $670 $790 $1,000 $1,110
    60963 Danville, IL $570 $580 $760 $980 $1,030
    61810 Danville, IL $670 $670 $790 $1,010 $1,110
    61811 Danville, IL $600 $610 $800 $1,040 $1,110
    61812 Danville, IL $550 $560 $740 $950 $1,000
    61814 Danville, IL $640 $650 $860 $1,110 $1,170
    61817 Danville, IL $690 $700 $920 $1,190 $1,250
    61831 Danville, IL $580 $590 $780 $1,010 $1,060
    61832 Danville, IL $610 $620 $820 $1,060 $1,110
    61833 Danville, IL $600 $620 $810 $1,050 $1,100
    61834 Danville, IL $630 $640 $840 $1,090 $1,140
    61841 Danville, IL $550 $560 $740 $950 $1,000
    61844 Danville, IL $670 $670 $850 $1,100 $1,150
    61846 Danville, IL $620 $630 $830 $1,070 $1,130
    61848 Danville, IL $550 $570 $750 $990 $1,010
    61849 Danville, IL $700 $700 $840 $1,080 $1,140
    61850 Danville, IL $550 $560 $740 $950 $1,000
    61857 Danville, IL $560 $570 $750 $970 $1,020
    61858 Danville, IL $600 $610 $800 $1,040 $1,080
    61859 Danville, IL $940 $950 $1,120 $1,440 $1,520
    61862 Danville, IL $670 $670 $790 $1,000 $1,110
    61865 Danville, IL $550 $560 $740 $950 $1,000
    61870 Danville, IL $600 $620 $810 $1,050 $1,100
    61876 Danville, IL $550 $560 $740 $950 $1,000
    61883 Danville, IL $550 $560 $740 $950 $1,000

    2022 Average & Median Rent Data Statistics
    DANVILLE, IL average 1BR rent: $624, median: $610
    DANVILLE, IL average 2BR rent: $802, median: $790
    DANVILLE, IL average 3BR rent: $1,034, median: $1,010

    DANVILLE, IL Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 616 $71,030,000 $115,308
    Refi 190 $18,740,000 $98,632
    Cash Out Refi 138 $14,430,000 $104,565
    Home Improvement 59 $3,245,000 $55,000
    Other 46 $2,160,000 $46,957

    Danville's most frequently cited loan purpose was Home Purchase, with 616 originations. The 2nd most popular reason was Refi, with 190 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 238 $26,560,000 $111,597
    3-4% 186 $22,960,000 $123,441
    4-5% 175 $18,765,000 $107,229
    6-7% 136 $13,940,000 $102,500
    7-8% 45 $3,935,000 $87,444
    2.5-3% 44 $4,160,000 $94,545
    <2.5% 21 $1,405,000 $66,905
    Over 8% 14 $480,000 $34,286

    During 2022, Danville's most frequently originated rate bucket was 5-6%, with 238 originations.

    Loan Sizing (DANVILLE, IL MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 620 $36,010,000 $58,081
    $100k-200k 339 $47,335,000 $139,631
    $200k-400k 83 $20,985,000 $252,831
    $400k-600k 3 $1,325,000 $441,667
    $600k-1000k 3 $2,315,000 $771,667
    $Over $1MM 1 $1,635,000 $1,635,000

    DANVILLE's loan sizing saw the bucket of loans from $100,000 or less with 620 originations, totaling $36,010,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 460 $57,730,000 $125,500
    60-80% 216 $20,730,000 $95,972
    40-60% 88 $8,810,000 $100,114
    20-40% 44 $1,640,000 $37,273
    Under 20% 28 $570,000 $20,357
    Over 100% 12 $2,090,000 $174,167

    DANVILLE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 460 originations, totaling $57,730,000 in origination value.