Vermillion, MN is a great place to invest in real estate. The median house value in Vermillion is currently $294,800, which is significantly lower than the US House Median Value of $338,100. While the US 1 year House Appreciation rate was 8.27%, Vermillion's House 1 year appreciation was 6.66%. This indicates that it is a great time to invest in housing in Vermillion as prices are still relatively low and have been steadily increasing over the past year.
The median home cost in Vermillion is $294,800. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Vermillion is up 12.2%.
Average Age of Homes
- The median age of Vermillion real estate is 46 years old
The Rental Market in Vermillion
- Renters make up 12.4% of the Vermillion population
- 0.0% 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.