Quick facts: Danville, KY

Quick Facts

99.8
Cost of Living
below US average
17,303
Population
14.8
Crime Rate per 1000
below US average
$48,038
Median Income
below US average
$279,000
Median House Price
above US average
$1050.0
Average Rent
below US average
15%
Poverty Rate
above US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $48,038.

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Income Needed to Buy

βœ— Stretch
$88k/year
Based on $279,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $88k vs median $48,038
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Income Needed to Rent

βœ“ Affordable
$45k/year
Based on $1050.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($48,038) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Danville, KY

Danville, located in Boyle County, Kentucky, is a small city known for its charming atmosphere and rich history. As one of the oldest settlements in Kentucky, founded in 1775, Danville is often referred to as the "City of Firsts" for being the first capital of Kentucky and home to notable figures like Daniel Boone. The city features a vibrant downtown area with unique shops, restaurants, and cultural attractions. The historic Constitution Square showcases the state's early government buildings and serves as a picturesque park. Danville is also known for its strong sense of community, with numerous local events and festivals throughout the year. For outdoor enthusiasts, the surrounding Bluegrass region offers beautiful landscapes, including parks and recreational areas like the nearby Perryville Battlefield State Historic Site. Education is a key part of the community, with institutions like Centre College, which has a reputation for academic excellence. Overall, Danville blends historical significance with a welcoming environment, making it a delightful place to visit or call home.

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