Cities with the fastest growing home prices in Danville metro area

Written by:
January 19, 2023
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Cities with the fastest growing home prices in Danville metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Danville, IL metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 14 cities and towns with data available were included in the list.

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1 / 14
Stacker

#14. Rankin, IL

- 1-year price change: +$4,514 (+8.6%)
- 5-year price change: +$12,066 (+26.9%)
- Typical home value: $56,856 (#14 most expensive city in metro)
2 / 14
Stacker

#13. Hoopeston, IL

- 1-year price change: +$5,614 (+8.1%)
- 5-year price change: +$13,952 (+23.0%)
- Typical home value: $74,653 (#12 most expensive city in metro)
3 / 14
Stacker

#12. Ridge Farm, IL

- 1-year price change: +$5,812 (+7.9%)
- 5-year price change: +$13,952 (data not available)
- Typical home value: $79,807 (#10 most expensive city in metro)
4 / 14
Stacker

#11. Danville, IL

- 1-year price change: +$5,895 (+7.7%)
- 5-year price change: +$17,077 (+26.2%)
- Typical home value: $82,322 (#9 most expensive city in metro)
5 / 14
Stacker

#10. Georgetown, IL

- 1-year price change: +$6,169 (+8.7%)
- 5-year price change: +$20,180 (+35.6%)
- Typical home value: $76,811 (#11 most expensive city in metro)

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6 / 14
Stacker

#9. Potomac, IL

- 1-year price change: +$6,796 (+6.4%)
- 5-year price change: +$20,180 (data not available)
- Typical home value: $112,641 (#6 most expensive city in metro)
7 / 14
Stacker

#8. Tilton, IL

- 1-year price change: +$7,027 (+10.7%)
- 5-year price change: +$20,180 (data not available)
- Typical home value: $72,608 (#13 most expensive city in metro)
8 / 14
Stacker

#7. Westville, IL

- 1-year price change: +$7,231 (+8.3%)
- 5-year price change: +$20,180 (data not available)
- Typical home value: $94,244 (#8 most expensive city in metro)
9 / 14
Stacker

#6. Fairmount, IL

- 1-year price change: +$7,588 (+6.2%)
- 5-year price change: +$20,180 (data not available)
- Typical home value: $129,712 (#5 most expensive city in metro)
10 / 14
Stacker

#5. Rossville, IL

- 1-year price change: +$8,461 (+9.3%)
- 5-year price change: +$20,180 (data not available)
- Typical home value: $99,887 (#7 most expensive city in metro)

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11 / 14
Stacker

#4. Oakwood, IL

- 1-year price change: +$9,396 (+6.9%)
- 5-year price change: +$33,638 (+29.9%)
- Typical home value: $146,300 (#1 most expensive city in metro)
12 / 14
Stacker

#3. Fithian, IL

- 1-year price change: +$10,213 (+8.5%)
- 5-year price change: +$33,638 (data not available)
- Typical home value: $130,923 (#4 most expensive city in metro)
13 / 14
Stacker

#2. Bismarck, IL

- 1-year price change: +$11,222 (+8.8%)
- 5-year price change: +$33,638 (data not available)
- Typical home value: $138,661 (#3 most expensive city in metro)
14 / 14
Stacker

#1. Catlin, IL

- 1-year price change: +$11,757 (+8.9%)
- 5-year price change: +$35,793 (+32.9%)
- Typical home value: $144,490 (#2 most expensive city in metro)

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