DANVILLE Mortgage Rates & Closing Costs

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.