Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$130,643−0.7% YoY · prices are falling
Market right nowBalanced marketFewer homes for sale than last year, 19% have cut their price
Income needed to buy, per year$28,321About 0.5× the local median income ($60,160): affordable for a typical household
Days on market60 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.0%Zillow expects prices to rise slightly
The typical home in Vermillion County, IN is worth $130,643, down 0.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $118,048, so the area is 10.7% overvalued. It is a balanced market: homes take about 60 days to sell, listings are down 0% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 3.0% over the next year. A household needs about $28,321 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 $60,160. Typical rent is $925 a month, or $1,035 for a house. In the latest IRS figures, 75 more people moved in than out.
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
$130,643
Change in 1 year
−0.7%
Overvalued %
+10.7%
Show 7 more
Fair home value
$118,048
Change in 5 years
+17.2%
Zillow forecast, next 12 months
+3.0%
Home value to income
2.2×
Monthly mortgage payment (20% down)
$708
Income needed to afford it
$28,321
Property tax rate
0.69%
Rent and investing
Typical rent
$925
Typical rent for houses
$1,035
Price-to-rent ratio
11.8×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,164
Gross rental yield
8.50%
Cap rate (estimate)
5.52%
Market activity
Listings vs a year ago
0.0%
Days on market
60
Listings with a price cut
18.6%
Show 3 more
Homes for sale
34
Pending sales per 100 listings
56
Asking price per sq ft
$116
People and jobs
Median household income
$60,160
Population change (1 year)
−0.3%
Unemployment rate
4.6%
Show 4 more
Population
15,488
Income adjusted for cost of living
$68,519
Net moves in (IRS)
+75
Cost of living (US = 100)
87.8
Schools, risk and environment
School rating (1 to 10)
4.0
FEMA hazard risk score (0 to 100)
23.4
Flood risk score
33.0
Show 3 more
Wildfire risk score
7.3
Walkability (1 to 20)
5.8
Road, rail and air noise
53 dB
Questions people ask
Is Vermillion County, IN overvalued?
Home prices in Vermillion County, IN are well above what local incomes have historically supported: fair value is about $118,048, so the area is 10.7% overvalued.
Is Vermillion County, IN a buyer's or seller's market?
Vermillion County, IN is a balanced market: homes take about 60 days to sell, listings are down 0% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Vermillion County, IN?
Home values in Vermillion County, IN are down 0.7% over the last year. Zillow's forecast for the next 12 months is +3.0%.
How much do you need to earn to buy a home in Vermillion County, IN?
A household needs about $28,321 a year to afford the typical home in Vermillion County, IN at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,160.