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

33 / 51

Reliable / Active

Cap Rate

32%

Middle-Earners Gross Yield

Revenue

$25,181

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$79,717

Median Home Sale Price

Top Earners

$52,124

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 Vermilion County in eastern Illinois, situated along the Vermilion River near the Illinois-Indiana border. With a population of approximately 30,000 residents, it serves as the county seat and the principal hub of commerce and culture for the surrounding agricultural region. The city carries the unhurried pace of a Midwestern river town while retaining a historic core of late-nineteenth- and early-twentieth-century architecture. It is best known for its connection to Abraham Lincoln, who practiced law and argued cases in the area, and as a quiet gateway to a string of nearby state parks and nature preserves. Danville sits roughly 130 miles south of Chicago and about 90 miles west of Indianapolis, placing it within an easy drive of both major metro areas.

Just outside town, Kickapoo State Recreation Area offers more than 2,800 acres of woodland, lakes, and trails for hiking, mountain biking, fishing, and camping. The park is approximately 15 minutes from downtown Danville and includes a 22-mile multi-use trail network that draws outdoor enthusiasts throughout the warmer months.

Within the city, the Vermilion County Museum preserves the region's history through exhibits housed in a historic mansion, with displays on Native American heritage, pioneer life, and the area's industrial past tied to coal mining and manufacturing. The museum forms part of Danville's small but distinct cultural core, sitting near the public library and a handful of civic landmarks.

To the south of town, Forest Glen Preserve spans more than 1,800 acres of forest, prairie, and canyon terrain along the Middle Fork of the Vermilion River. Roughly a 25-minute drive from the city, the preserve offers hiking trails, horseback riding, a seasonal nature center, and one of the highest natural elevations in the state of Illinois.

Downtown Danville is anchored by the restored Fischer Theatre, a former 1920s movie palace that now hosts community events, and by a row of locally owned restaurants and small shops. The David S. Palmer Arena, located on the east side of town, draws regional crowds for concerts, conventions, and ice hockey games featuring the local Danville Dashers.

For prospective short-term rental owners, Danville offers a quieter alternative to Illinois's larger tourist destinations, with a steady flow of visitors drawn by youth sports tournaments, family reunions, and the area's outdoor assets. Its position within a few hours' drive of Chicago and Indianapolis, paired with easy access to state recreation areas and the Indiana border, makes it a practical base for travelers exploring east-central Illinois and the broader Wabash River region.

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