How many renters live in Danville, West Virginia?
The City of Danville has 682 people living in 280 households.
There are 269 renters living in 143 renter households in this City. Renters make up 39.44 percent of the population living in Danville.
What is the rental market like in Danville, West Virginia?
There are an estimated 351 housing units in the Danville area. Of these, 154 units are rental homes, making up 44 percent of the housing market. For every renter household in Danville, West Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Danville?
The rental vacancy rate in Danville is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Danville for each bedroom size?
Occupied Rental Units by Size in Danville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 6 | 75 | 29 | 31 | 0 |
Occupied Rental Units by Size in Danville
A large number of apartments in Danville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Danville are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 31 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Danville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $620 to $1,439. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $620 |
| One BR | $755 |
| Two BR | $848 |
| Three BR | $1,195 |
| Four BR | $1,439 |
2024 Fair Market Rents in Danville, West Virginia
How many units are rented at Fair Market Rent (FMR) in Danville?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 6 | 100 percent |
| One BR | 75 | 100 percent |
| Two BR | 12 | 41 percent |
Rental Units Below FMR in Danville, West Virginia
How many affordable rental units are in Danville?
Income Based Apartments in Danville, West Virginia
Danville features 75 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Danville, West Virginia
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Danville.
Housing Choice Vouchers in Danville, West Virginia
On average, Section 8 Housing Choice vouchers pay Danville landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Danville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Danville, West Virginia for a two-bedroom apartment is between $763 and $933.
Sourced from federal housing data and AffordableHousingOnline.com research.
