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These days, finding an affordable place to live in the Vermilion area can be challenging. Home prices in Vermilion are now at a median cost of $154,553, lower than the Illinois average of $300,242.
The average cost of rent is $737/mo in Vermilion, primarily driven by the current value of real estate in the Vermilion area. In Vermilion, 17.55% of households rent, and 49.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vermilion is $6,301 per month. Households that rent pay about 11.70% of their income on rent here. Vermilion’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Libertyville, IN: less expensive homes
- Nevins, IL: equally priced homes
- Paris, IL: less expensive homes
- Elbridge, IL: equally priced homes
- Shirkieville, IN: equally priced homes
- Universal, IN: equally priced homes
- Oliver, IL: higher priced homes
- Liggett, IN: higher priced homes
- West Terre Haute, IN: equally priced homes
- Shepardsville, IN: higher priced homes
Cities with Similar Populations
- Marathon, IA: less expensive homes
- Lulu, FL: equally priced homes
- Lynchburg, TX: higher priced homes
- Macdoel, CA: higher priced homes
- Makinen, MN: higher priced homes
- Malmo, NE: higher priced homes
- Manalapan, FL: higher priced homes
- Mansfield, TN: less expensive homes
- Maple Hill, MN: higher priced homes
- Maramec, OK: higher priced homes
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