Danville, KY

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Danville short-term rental market based on reliable data.

Listings

166 / 306

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$27,184

Middle-Earners Revenue

Occupancy

50%

Middle-Earners Occupancy

Home Value

$251,440

Median Home Sale Price

Top Earners

$56,771

Top-Earners Revenue

Danville

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Danville.

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B

Generally Investor friendly

Danville Regulations

Short‑term rentals are effectively treated as Bed & Breakfast only, permitted by conditional use in limited districts (R‑1, R‑2, B‑1) and requiring a CUP, building/zoning permit, potential historic review, and health permits. Operational caps (4 rooms, 7‑day max stay) and ongoing inspections add moderate burden, but STRs are allowed with a clear, known process rather than outright prohibition.

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About Danville

Danville sits in Boyle County in the heart of central Kentucky's Bluegrass region, with a population of roughly 17,000 residents. The city has a long-standing reputation as the "City of Firsts," a nod to its role in early Kentucky governance, and it serves as a small-city gateway to the rolling horse-country landscape that defines this part of the state. Best known for its preserved historic downtown and as the home of Centre College, a well-regarded liberal arts institution, Danville lies approximately 35 miles southwest of Lexington, the nearest major metropolitan area, and roughly 80 miles southeast of Louisville.

Constitution Square Historic Site anchors Danville's downtown and marks the spot where Kentucky's first constitution was drafted in 1792. The site includes a handful of replica buildings and a museum operated by the state, offering visitors a compact introduction to early Bluegrass history. It sits within walking distance of most downtown lodging and is the natural starting point for any stay in the city.

Just south of Danville, the Perryville Battlefield State Historic Site preserves the landscape of the largest Civil War battle fought in Kentucky. The site offers a museum, walking trails over the original ground, and interpretive programs throughout the year. From downtown Danville, the drive is roughly 20 minutes, making it an easy half-day excursion for guests.

About ten miles southwest of Danville, Harrodsburg is home to Old Fort Harrod State Park, which marks the location of Kentucky's first permanent European settlement. The park features a reconstructed 1774 fort, a small museum, and nearby historic cabins and a cemetery, and it sits alongside the campus of the George Rogers Clark memorial. The drive from Danville is approximately 15 to 20 minutes.

A bit further west, Shaker Village of Pleasant Hill stands as one of the country's best-preserved Shaker communities, with around 30 original 19th-century buildings spread across roughly 3,000 acres. Visitors come for the architecture, the working farm, the inn and restaurant, and a network of walking trails. From Danville, the drive is roughly 30 to 40 minutes.

Danville's combination of small-town walkability, genuine historical significance, and proximity to multiple state historic sites makes it a thoughtful base for short-term rental owners. Guests who stay here can spend one day exploring Constitution Square and the downtown streetscape, another at Perryville or Harrodsburg, and a third at Shaker Village, all without long drives, while still being within an easy reach of Lexington's distilleries, horse farms, and urban amenities.

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