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These days, finding an affordable place to live in the Vermillion area can be challenging. Home prices in Vermillion are now at a median cost of $414,443, higher than the Minnesota average of $345,793.
The average cost of rent is $1,141/mo in Vermillion, primarily driven by the current value of real estate in the Vermillion area. In Vermillion, 11.07% of households rent, and 44.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vermillion is $9,686 per month. Households that rent pay about 11.78% of their income on rent here. Vermillion’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
- Coates, MN: higher priced homes
- Hampton, MN: equally priced homes
- New Trier, MN: higher priced homes
- Nininger, MN: higher priced homes
- Hastings, MN: less expensive homes
- Miesville, MN: higher priced homes
- Rosemount, MN: equally priced homes
- Farmington, MN: equally priced homes
- Randolph, MN: higher priced homes
- St. Paul Park, MN: less expensive homes
Cities with Similar Populations
- Luna Pier, MI: less expensive homes
- Salome, AZ: less expensive homes
- Salisbury, CT: higher priced homes
- Rossiter, PA: less expensive homes
- Roach, MO: less expensive homes
- Readlyn, IA: less expensive homes
- Pinola, MS: less expensive homes
- Pickett, WI: less expensive homes
- Niederwald, TX: less expensive homes
- New Lexington, AL: less expensive homes
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