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The City of Churches: Premium Foreclosed Homes are Available in Danville, Virginia

Danville, Virginia is known as the city of churches because in Virginia there are more churches per square mile than any other city. The city has a population of about 45,000 residents. Currently, there are 773 existing resale homes on the market and 423 homes on foreclosure listings. The median home value, as of August 2010, is $102,470. That is a drop of 2% in the second quarter of 2010. With a cost of living 19% below national average and a pupil to teacher ratio of 13 to 1, relocating to Danville, Virginia is a smart move. The main problem is the unemployment rate. The unemployment rate is 9%, which is right in line with the national average.