The housing market in the Vermillion, SD Metro Area is booming. With a median value of $234,600, it is significantly less than the national median value of $338,100. However, the 1 year appreciation rate for housing in this area is 14.45%, which is higher than the US national average of 8.27%. This suggests that real estate in this area is highly sought after and prices are steadily increasing. It appears to be an excellent time to invest in the Vermillion, SD Metro Area housing market.
The median home cost in Vermillion Metro Area is $234,600. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Vermillion Metro Area is up 18.1%.
Average Age of Homes
- The median age of Vermillion Metro Area real estate is 44 years old
The Rental Market in Vermillion Metro Area
- Renters make up 43.6% of the Vermillion Metro Area population
- 3.3% of houses and apartments in Vermillion Metro Area, 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.