Much like its nearby areas, it's significantly less expensive compared to the rest of the country. However compared to the city of Detroit, it is substantially more expensive.
Home prices
The median home in Vermilion costs $140,800. This is roughly $3,700 (2%) lower in comparison to the surrounding areas.In comparison to the country as a whole it is approximately $76,700 (35%) lower, and is approximately $91,600 (186%) higher in comparison to the city of Detroit.
Rents
Vermilion's median monthly rent is $890. Compared to other places in this area it is roughly $139 (18%) higher.It is about $172 (16%) lower compared to the US as a whole, and it is approximately $66 (8%) higher in comparison to the city of Detroit.
Nearby places
Lorain
Lorain is Vermilion's neighbor to the east. The real estate prices there are significantly less expensive. The median home in Lorain is valued at $87,300, which is $53,500 (61%) lower than Vermilion. Its rents are a little less expensive. In Lorain the median rent is $697 per month, which is $193 (27%) lower than Vermilion.
Amherst
Amherst is roughly 4 miles east of Vermilion. The real estate prices there are a little more expensive. Amherst's median home price is $164,600, which is $23,800 (14%) higher than Vermilion. Its rents are a little less expensive. Amherst's median monthly rent is $784, which is $106 (13%) lower than Vermilion.
South Amherst
South Amherst is about 5 miles southeast from Vermilion. Housing prices there are pretty similar. The median home in South Amherst costs $137,700, which comes out to $3,100 (2%) lower than Vermilion. Rents there are somewhat less expensive. The median monthly rent in South Amherst is $802, which comes out to $88 (10%) lower than Vermilion.
Mitiwanga
Mitiwanga is approximately 6 miles west of Vermilion. Its real estate prices are somewhat more expensive. The median home in Mitiwanga costs $172,000, which is $31,200 (18%) higher than Vermilion. Rent there is significantly less expensive. The median monthly rent in Mitiwanga is $637, which is $253 (39%) lower than Vermilion.
Oberlin
Oberlin is approximately 9 miles southeast from Vermilion. Real estate prices there are a bit more expensive. The median home in Oberlin costs $160,900, which comes out to $20,100 (12%) higher than Vermilion. The rent there is somewhat less expensive. Oberlin's median monthly rent is $833, which works out to $57 (6%) lower than Vermilion.
