DANVILLE Mortgage Rates & Closing Costs
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% |
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.).
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. LouisDate | 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 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. LouisDate | 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 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.
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.