Vermillion County, Indiana Housing Market Prices
Vermillion County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 34% below the Indiana median$94,390
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Median rent 29% below the Indiana median Cheaper than 91% of counties in Indiana$749
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Vermillion County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,390 | $142,738 | $248,835 |
| Price Trend (Annual %) | 4.9% | 7.2% | 7.5% |
| Median Gross Rent | $749 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Vermillion County is about 34% lower than in Indiana. Rent is about 29% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Vermillion County, up about 4.9% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Vermillion County rose about 35.0% between 2015 and 2024, from $554 to $749. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Vermillion County.
Buying the median-priced home in Vermillion County costs roughly 10.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Vermillion County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Vermillion County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $94,390 | $142,738 | $248,835 |
| Median Household Income | $60,374 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Vermillion County rose about 21.9%, while median household income rose about 35.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Vermillion County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.6% | 64.4% | 58.5% |
| Rental Rate | 22.2% | 26.9% | 31.2% |
| Vacancy Rate | 10.1% | 8.8% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Vermillion County has a homeownership rate of 67.6%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 10.1%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Vermillion County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1959 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Vermillion County was built around 1959. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 18.0 years on average.
Vermillion County, IN Housing Compared With Nearby Counties
Vermillion County, IN is the smallest of the 5 counties compared here, 15,421 residents against a local median of 44,457. Vermillion County, IN's median home price, at $94,390, runs 28% above the $73,550 typical of the counties around it.
The counties themselves spread $105,470 on median home price, so Vermillion County, IN sits at one end of an already wide local range rather than apart from it. Vermillion County, IN has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Vermillion County, IN | 15,421 | $94,390 #2/5 | $749 #4/5 | 75.3% #2/5 |
| Parke County, IN | 16,406 | $54,111 | $704 | 82.4% |
| Edgar County, IL | 16,531 | $159,581 | $775 | 72.7% |
| Vermilion County, IL | 72,384 | $82,480 | $838 | 70.2% |
| Vigo County, IN | 106,109 | $64,620 | $924 | 61.7% |
Frequently Asked Questions
Common questions about the housing market in Vermillion County, Indiana.
What is the median home price in Vermillion County, Indiana?
The median home price in Vermillion County, Indiana is $94,390, lower than the Indiana average of $142,738.
What is the average home price in Vermillion County, Indiana?
The typical home price in Vermillion County, Indiana, reported as the median sale price, is $94,390. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Vermillion County, Indiana?
The median gross rent in Vermillion County, Indiana is $749 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Vermillion County in 2020?
In 2020, the median gross rent in Vermillion County, Indiana was $681 per month.
What is the price-to-rent ratio in Vermillion County, Indiana?
The price-to-rent ratio in Vermillion County, Indiana is about 10.5, meaning it would take roughly 10.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Vermillion County.
Are home prices or rent rising faster in Vermillion County, Indiana?
Both home prices and rent are rising in Vermillion County, up about 4.9% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Vermillion County, Indiana?
67.6% of households in Vermillion County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Vermillion County, Indiana?
The housing vacancy rate in Vermillion County, Indiana is 10.1%, higher than the Indiana average of 8.8%.
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