Median Home PriceBETTER
$132,015.87
Median RentBETTER
$1,160.42/mo
Price-to-Rent RatioBETTER
9.5
Property Tax RateTIE
0.82%
Price Change (1Y)
-1.5%
Price Change (5Y)
-7.4%
Break-Even YearsBETTER
12 years
10-Year Wealth DifferenceBETTER
$1,502
Median Home Price
$411,608.02
Median Rent
$1,998.57/mo
Price-to-Rent Ratio
17.2
Property Tax RateTIE
0.82%
Price Change (1Y)BETTER
+2.1%
Price Change (5Y)BETTER
+10.3%
Break-Even Years
N/A
10-Year Wealth Difference
$182,181
Key Differences
Home Prices
Danville's median home price of $132,015.87 is lower than Virginia Beach's $411,608.02 by 68%.
Monthly Rent
Renting in Danville costs $1,160.42/mo compared to $1,998.57/mo in Virginia Beach—a difference of $838.15/mo.
Buy vs Rent Verdict
Danville favors either option, while Virginia Beach favors renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.