Danville, IL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Danville short-term rental market based on reliable data.

Listings

29 / 48

Reliable / Active

Cap Rate

31%

Middle-Earners Gross Yield

Revenue

$22,911

Middle-Earners Revenue

Occupancy

61%

Middle-Earners Occupancy

Home Value

$73,284

Median Home Sale Price

Top Earners

$44,785

Top-Earners Revenue

Danville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Danville.

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B

Generally Investor friendly

Danville Regulations

Danville allows STRs legally as standard rental properties requiring annual registration and compliance with property maintenance codes, with no specific STR caps or restrictions mentioned. The permitting process is straightforward but requires annual fees and in-person/mail submission, representing moderate barriers. While not optimized for STR investors, the lack of restrictive zoning, onerous caps, or complex approval processes keeps compliance manageable and predictable.

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About Danville

Danville is a city in and the county seat of Vermilion County, Illinois, United States. As of the 2020 census, its population was 29,204. It is the principal city of the Danville metropolitan area.

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