Cities with the fastest growing home prices in Danville metro area

Written by:
September 29, 2022
Volodymyr Kyrylyuk // Shutterstock

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 not 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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 14 cities and towns with data available were included in the list.

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1 / 14
Stacker

#14. Hoopeston, Illinois

- 1-year price change: +$5,632 (+9.0%)
- 5-year price change: +$12,564 (+22.5%)
- Typical home value: $68,328 (#12 most expensive city in metro)
2 / 14
Stacker

#13. Rankin, Illinois

- 1-year price change: +$5,898 (+11.8%)
- 5-year price change: +$11,028 (+24.7%)
- Typical home value: $55,747 (#14 most expensive city in metro)
3 / 14
Stacker

#12. Danville, Illinois

- 1-year price change: +$6,719 (+9.6%)
- 5-year price change: +$16,375 (+27.0%)
- Typical home value: $77,005 (#9 most expensive city in metro)
4 / 14
Stacker

#11. Tilton, Illinois

- 1-year price change: +$7,109 (+11.7%)
- 5-year price change: +$16,375 (data not available)
- Typical home value: $67,974 (#13 most expensive city in metro)
5 / 14
Stacker

#10. Georgetown, Illinois

- 1-year price change: +$8,528 (+13.5%)
- 5-year price change: +$18,604 (+35.1%)
- Typical home value: $71,585 (#11 most expensive city in metro)

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Stacker

#9. Westville, Illinois

- 1-year price change: +$8,976 (+11.4%)
- 5-year price change: +$18,604 (data not available)
- Typical home value: $87,875 (#8 most expensive city in metro)
7 / 14
Stacker

#8. Bismarck, Illinois

- 1-year price change: +$9,454 (+7.9%)
- 5-year price change: +$18,604 (data not available)
- Typical home value: $129,081 (#4 most expensive city in metro)
8 / 14
Stacker

#7. Ridge Farm, Illinois

- 1-year price change: +$9,567 (+14.6%)
- 5-year price change: +$18,604 (data not available)
- Typical home value: $75,001 (#10 most expensive city in metro)
9 / 14
Stacker

#6. Potomac, Illinois

- 1-year price change: +$10,123 (+10.5%)
- 5-year price change: +$18,604 (data not available)
- Typical home value: $106,969 (#6 most expensive city in metro)
10 / 14
Stacker

#5. Oakwood, Illinois

- 1-year price change: +$11,523 (+9.0%)
- 5-year price change: +$34,234 (+32.3%)
- Typical home value: $140,133 (#1 most expensive city in metro)

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11 / 14
Stacker

#4. Fithian, Illinois

- 1-year price change: +$11,584 (+9.8%)
- 5-year price change: +$34,234 (data not available)
- Typical home value: $129,478 (#3 most expensive city in metro)
12 / 14
Stacker

#3. Fairmount, Illinois

- 1-year price change: +$11,938 (+10.4%)
- 5-year price change: +$34,234 (data not available)
- Typical home value: $126,719 (#5 most expensive city in metro)
13 / 14
Stacker

#2. Rossville, Illinois

- 1-year price change: +$12,091 (+14.8%)
- 5-year price change: +$34,234 (data not available)
- Typical home value: $93,581 (#7 most expensive city in metro)
14 / 14
Stacker

#1. Catlin, Illinois

- 1-year price change: +$14,870 (+12.1%)
- 5-year price change: +$35,046 (+34.2%)
- Typical home value: $137,497 (#2 most expensive city in metro)

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