Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$101,321+3.0% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$21,964About 0.4× the local median income ($62,150): affordable for a typical household
Days on market51 daysFaster than a year ago: sellers have the edge
The typical home in Vermilion County, IL is worth $101,321, up 3.0% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $110,190, so the area is 8.0% undervalued. It is a balanced market, leaning toward buyers: homes take about 51 days to sell, listings are up 24% from a year ago, 18% of listings have had a price cut. A household needs about $21,964 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,150. Typical rent is $886 a month. In the latest IRS figures, 60 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$101,321
Change in 1 year
+3.0%
Overvalued %
−8.0%
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Fair home value
$110,190
Change in 5 years
+18.5%
Home value to income
1.6×
Monthly mortgage payment (20% down)
$549
Income needed to afford it
$21,964
Property tax rate
1.81%
Rent and investing
Typical rent
$886
Price-to-rent ratio
9.5×
HUD Fair Market Rent, 2 bedrooms
$956
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Gross rental yield
10.49%
Cap rate (estimate)
6.82%
Market activity
Listings vs a year ago
+23.7%
Days on market
51
Listings with a price cut
18.0%
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Homes for sale
146
Pending sales per 100 listings
26
Asking price per sq ft
$84
People and jobs
Median household income
$62,150
Population change (1 year)
−0.3%
Unemployment rate
6.1%
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Population
71,259
Income adjusted for cost of living
$71,110
Net moves in (IRS)
−60
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
3.4
FEMA hazard risk score (0 to 100)
78.8
Flood risk score
76.5
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Wildfire risk score
22.7
Walkability (1 to 20)
6.6
Road, rail and air noise
52 dB
Questions people ask
Is Vermilion County, IL overvalued?
Home prices in Vermilion County, IL are slightly below what local incomes have historically supported: fair value is about $110,190, so the area is 8.0% undervalued.
Is Vermilion County, IL a buyer's or seller's market?
Vermilion County, IL is a balanced market, leaning toward buyers: homes take about 51 days to sell, listings are up 24% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Vermilion County, IL?
Home values in Vermilion County, IL are up 3.0% over the last year.
How much do you need to earn to buy a home in Vermilion County, IL?
A household needs about $21,964 a year to afford the typical home in Vermilion County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,150.