Housing Report for Danville

Throughout the State of Illinois, Danville is positioned 9 of the 9 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 351 of 361, comparing the percentage change in residential real estate in other US MSAs.

Danville recorded median owner-occupied home value in the year 2005 of $65,900, published by the American Community Survey. This home value is less than the State of Illinois 2005 home median value of $183,900 and less than median home value of $167,500 across the United States during the same year.

In Danville, the census reported 36,828 homes in 2005. The metro area has experienced a small amount of growth in the number housing units, adding a sum of 360 housing units since the year 2001, or 1 percent.

There seems to be a large amount affordable residential real estate in Danville, Illinois. In 2005, 84.6 percent of residential real estate was valued under $125,000.

Danville can be understood as having a small, but present percentage of high-priced residential real estate. For the year 2005, the American Community Survey counted that 0 percent of the areas residential property was valued over $500k.



Data Source: U.S. Census Bureau

Employment Report for Danville, Illinois -- Annual 2005 Industry Summary

Manufacturing has the largest employers in Danville MSA, with the industry averaging 59 workers per each place of employment, being greater than the industry's average in the United States of 39 and greater than the State of Illinois typical size of 36 for the Manufacturing industry.

Utilities saw the biggest increase in jobs since the year 2001 in Danville, with a job growth of 70.2 percent. This is greater than the industry job change at the national level of -8.2 percent. The State of Illinois experienced a change in employment in the sector of -20.8 percent, in the period of time since 2001.

The Danville is the Metropolitain Area that is ranked 356 of 363 throughout the US according to the relatively size of the employment base in the year 2005. This ranking has slipped behind since the year 2001, when it was ranked 352 of 363 Counties.

Retail Trade since the year 2001 was faced with the largest loss in employment in the Danville Metro Area. The industry lost a total of 666 jobs, or 15.9 percent of the employment in the industry. This made up a total of 38 percent of all employment losses in the Metro Area.

In Danville, Manufacturing, Retail Trade, and the Health care and social assistance industries have the largest percent of jobs of all industries. The Manufacturing is the largest employment industry and makes up 24.6 percent of all the jobs in the Metropolitain Area. This makes up 6,141 individuals. The Retail Trade and Health care and social assistance industries total 14.1 and 11.8 percent of industry employment.

A top paying industry in Danville is the utilities industry with wages that annually pay $45,020. From the year 2001, the annual average wages in the industry have declined by 22.5 percent or $13,047. The State of Illinois holds a similar employment climate in the utilities sector, placing near the top of industries in terms of 2004 annual average wages.

In Danville, Manufacturing, Wholesale trade and Utilities industries, in terms of United States location quotient, are the most dominant in the region. The Manufacturing sector in the county has a location quotient of 1.92. This means the percent of total employment in the Manufacturing sector is 1.92 times greater than the US average, showing signs that Danville may specialize, or be an exporter of Manufacturing.



Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).