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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 $204,846, lower than the South Dakota average of $268,202.
The average cost of rent is $797/mo in Vermillion, primarily driven by the current value of real estate in the Vermillion area. In Vermillion, 55.18% of households rent, and 32.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Vermillion is $4,634 per month. Households that rent pay about 17.20% of their income on rent here. Vermillion’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hub City, SD: higher priced homes
- Burbank, SD: higher priced homes
- Maskell, NE: less expensive homes
- Meckling, SD: equally priced homes
- Spink, SD: higher priced homes
- Newcastle, NE: less expensive homes
- Obert, NE: less expensive homes
- Wynot, NE: less expensive homes
- Junction City, SD: equally priced homes
- Dalesburg, SD: higher priced homes
Cities with Similar Populations
- Gibsonville, NC: higher priced homes
- Soquel, CA: higher priced homes
- Somersworth, NH: higher priced homes
- Smithville, TN: higher priced homes
- Signal Hill, CA: higher priced homes
- Grand Terrace, CA: higher priced homes
- Grafton, OH: higher priced homes
- Gladstone, OR: higher priced homes
- Gladewater, TX: less expensive homes
- South Boston, VA: less expensive homes
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