Vermillion township in Minnesota is an area with an overall higher housing median value than the US average. The median value of housing in Vermillion township is $478,600, which is significantly higher than the US median house value of $338,100. In addition to this difference in prices, the appreciation rate for houses in Vermillion township is 6.66%, slightly lower than the national rate of 8.27%. Despite this slight difference, it appears that Vermillion township is a desirable area when it comes to housing investments due to its high median house values.
The median home cost in Vermillion township is $478,600. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Vermillion township is up 12.2%.
Average Age of Homes
- The median age of Vermillion township real estate is 41 years old
The Rental Market in Vermillion township
- Renters make up 5.2% of the Vermillion township population
- 1.8% of houses and apartments in Vermillion township, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.