Vermilion Lake, MN has a housing median value of $239,800, which is significantly lower than the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, but in Vermilion Lake it is even higher at 13.08%. This indicates that housing prices have seen an increase over the last year in Vermilion Lake, making it an attractive place to invest in real estate. In addition, having a median home value below the national average makes it more affordable for potential buyers looking to purchase property in this area.
The median home cost in Vermilion Lake is $239,800. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Vermilion Lake is up 13.2%.
Average Age of Homes
- The median age of Vermilion Lake real estate is 48 years old
The Rental Market in Vermilion Lake
- Renters make up 2.6% of the Vermilion Lake population
- 0.0% of houses and apartments in Vermilion Lake, 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.