The housing market in Vermillion, SD is thriving. The median value of homes in the city is $232,200, which is significantly lower than the US median of $338,100. In the past year, homes in Vermillion have appreciated at a rate of 12.74%, which is 4.47% higher than the national one-year appreciation rate of 8.27%. This indicates that the housing market in Vermillion is outpacing the US market and there may be an opportunity for investment in this area.
The median home cost in Vermillion is $232,200. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Vermillion is up 18.1%.
Average Age of Homes
- The median age of Vermillion real estate is 44 years old
The Rental Market in Vermillion
- Renters make up 57.7% of the Vermillion population
- 4.3% of houses and apartments in Vermillion, 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.