Danville has been ranked as the most affordable small city for homeowners by a leading research firm.
AdvisorSmith, an information resource for small business owners, rated Danville as the most affordable small city out of 507 markets that the company studied.
The firm used data from the real estate website Zillow and the U.S. Census Bureau’s American Community Survey to estimate the weighted average housing price in each city.
Decatur was ranked as the fourth most affordable small city in the country. Peoria was ranked 15th and Springfield 22nd.
The weighted average home price in Danville is $67,527.
