Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 42,239 ↓ 0.8% since 2020 |
| Median Household Income | $42,778 43% below national median |
| Median Home Value | $110,200 |
| Unemployment Rate | 4.9% |
| Median Age | 40.8 years |
| Housing Vacancy Rate | 16.5% |
| Total Land Sales (Past 12 Months) | 169 transactions |
| Active Listings | 77 properties |
| Avg Days on Market | 455 days |
Rural Land Sales (1+ Acres) (Aug 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $8,809 |
| Recent Sales | 52 transactions |
| Avg Days on Market | 628 days |
| Avg Parcel Size | 16.80 acres |
| Active Listings | 44 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Jan 2026 | 7.86 | $85,000 | $10,814 | Danville |
| Jan 2026 | 4.60 | $50,000 | $10,870 | Danville |
| Dec 2025 | 12.10 | $35,000 | $2,893 | Danville |
| Dec 2025 | 30.86 | $400,000 | $12,962 | Danville |
| Dec 2025 | 1.21 | $12,000 | $9,901 | Danville |
| Nov 2025 | 1.15 | $5,000 | $4,348 | Danville |
| Sep 2025 | 2.33 | $20,000 | $8,584 | Danville |
| Aug 2025 | 2.33 | $20,000 | $8,595 | Danville |
| Aug 2025 | 1.20 | $55,000 | $45,833 | Danville |
| Aug 2025 | 8.26 | $19,150 | $2,318 | Danville |
Suburban/Urban Land Sales (Under 1 Acre) (Dec 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $7,700 |
| Recent Sales | 117 transactions |
| Avg Days on Market | 379 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 33 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026New | 0.21 | $6,600 | Danville |
| Mar 2026New | 0.07 | $2,100 | Danville |
| Feb 2026 | 0.14 | $2,700 | Danville |
| Feb 2026 | 0.26 | $6,200 | Danville |
| Feb 2026 | 0.11 | $4,600 | Danville |
| Feb 2026 | 0.23 | $10,000 | Danville |
| Jan 2026 | 0.40 | $55,000 | Danville |
| Dec 2025 | 0.29 | $3,400 | Danville |
| Dec 2025 | 0.22 | $10,000 | Danville |
| Dec 2025 | 0.15 | $2,860 | Danville |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 42,239 |
| Population (2020) | 42,590 |
| Population Growth | -0.82% |
| Median Household Income | $42,778 |
| Median Home Value | $110,200 |
| Total Housing Units | 22,309 |
| Vacant Housing Units | 3,677 |
| Housing Vacancy Rate | 16.5% |
| Median Age | 40.8 |
| Bachelor's Degree or Higher | 3,222 (7.6%) |
| Unemployment Rate (BLS) | 5.3% |
Market Overview
Danville city, Virginia has a population of 42,239, which has declined 0.82% since 2020. The median household income is $42,778, below the national median of $74,580 by 42.6%. With a median home value of $110,200 and an unemployment rate of 5.3%, the local economy is struggling. The housing vacancy rate of 16.5% suggests soft market conditions. The county's location in Virginia makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $8,809 per acre, with properties averaging 16.80 acres. There are currently 77 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Danville city, Virginia?
As of the 2023 American Community Survey, Danville city has a population of 42,239. The county has declined 0.82% since the 2020 Census.
What is the median household income in Danville city?
The median household income in Danville city is $42,778, which is 42.6% below the national median of $74,580.
Is Danville city growing or shrinking?
Danville city is shrinking. The population has declined 0.82% since 2020.
What is the housing market like in Danville city?
The median home value in Danville city is $110,200. The housing vacancy rate is 16.5%, which suggests soft market conditions. The unemployment rate is 5.3%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $8,809 per acre. Suburban/urban lots under 1 acre have a median lot price of $7,700.
Does Reelvest buy land in Danville city, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Danville city. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.