Similar to the surrounding areas, it is a bit more expensive compared to the rest of the nation. However it's a little less expensive compared to the city of Minneapolis.
Home prices
The median home cost in Vermillion is $228,600. It is about $5,780 (2%) lower in comparison to other places in this area.In comparison to the United States as a whole it is roughly $11,100 (5%) higher, and it is roughly $23,000 (9%) lower in comparison to the city of Minneapolis.
Rents
In Vermillion the median monthly rent is $863. Compared to nearby areas this is roughly $116 (11%) lower.It is roughly $199 (18%) lower compared to the US as a whole, and compared to the city of Minneapolis is roughly $164 (15%) lower.
Nearby places
Coates
Coates is about 3 miles northwest of Vermillion. The housing prices there are a little less expensive. The median home price in Coates is $192,500, which is $36,100 (18%) lower than Vermillion. The rent there is pretty similar. Coates's median monthly rent is $882, which is $19 (2%) higher than Vermillion.
Hampton
Hampton is approximately 4 miles south of Vermillion. Its housing prices are pretty similar. The median home in Hampton is valued at $231,300, which works out to $2,700 (1%) higher than Vermillion. Rents there are a bit less expensive. In Hampton the median rent is $792 a month, which comes out to $71 (8%) lower than Vermillion.
Hastings
Hastings is roughly 5 miles northeast from Vermillion. Real estate prices there are a bit less expensive. The median home in Hastings costs $214,900, which comes out to $13,700 (6%) lower than Vermillion. The rent there is somewhat more expensive. Hastings's median monthly rent is $950, which works out to $87 (9%) higher than Vermillion.
Rosemount
Rosemount is about 6 miles northwest of Vermillion. The housing prices there are a bit more expensive. The price of the median home in Rosemount is $279,000, which works out to $50,400 (18%) higher than Vermillion. The rent there is a little more expensive. In Rosemount the median rent is $1,218 a month, which works out to $355 (29%) higher than Vermillion.
Farmington
Farmington is roughly 8 miles west from Vermillion. Real estate prices there are somewhat more expensive. The median home in Farmington is valued at $254,200, which is $25,600 (10%) higher than Vermillion. Rents there are a bit more expensive. In Farmington the median rent is $1,052 a month, which is $189 (17%) higher than Vermillion.
