Vermilion, OH 44089 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Vermilion, OH—44089

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$258,000

5.7% YoY Growth

Household Income

$72,000

19.0% YoY Growth

Days on Market

37.0% Longer YoY

Home Price Forecast

2.7%

Median Rent

$1,400

26.2% YoY Growth

1-Bed Rent

$825

N/A

2-Bed Rent

$1,100

29.2% YoY Growth

3-Bed Rent

$1,600

13.2% YoY Growth

Home Price Trends — Vermilion, OH

As of Dec '25, the median home price in Vermilion, OH is $258,000, with a year-over-year change of 5.7%. This indicates that home prices in Vermilion, OH are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$258,000	5.7%
Single Family	$252,000	5.4%
Condos	$308,000	6.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Vermilion, OH

As of July '25, Rentcast reports the average rent in Vermilion, OH is $1,410, with a year-over-year rent change of -26.2%. Per bedroom, the median rent as of July '25 in Vermilion, OH is 1-bedrooms: $825, 2-bedrooms: $1,260, 3-bedrooms: $1,650, 4-bedrooms: $1,450. The most common rental property sizes in Vermilion, OH are 2-bedroom and 3-bedroom, accounting for 39.0% and 36.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,410
Studio Rent	N/A	N/A
1 Bed Rent	$825	$825
2 Bed Rent	$1,100	$1,260
3 Bed Rent	$1,600	$1,650
4 Bed Rent	$1,400	$1,450

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% of Rental Stock

Studio

4.2%

1 Bedroom

12.0%

2 Bedrooms

39.0%

3 Bedrooms

36.9%

4 Bedrooms

3.3%

5+ Bedrooms

4.6%

Property Listings — Vermilion, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Vermilion, OH is 66. This is a increase of 88.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$484,000	18.0%
Listing Count	90	34.0%
Listings as % of Homes	0.4%	34.0%
Days on Market	51	37.0%

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Demographics — Vermilion, OH

As of the latest ACS Survey released in 2023, Vermilion, OH has a population of 15,900, which has increased by 2.2% over the past 5 years. Vermilion, OH is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,900	2.2%
% Under 18	17.6%	-1.7%
% Seniors	25.6%	3.2%
% WFH	7.1%	97.2%
% w/ College Degree	29.3%	11.8%

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As of the latest ACS Survey released in 2023, Vermilion, OH is a predominantly white area, with 93.4% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Vermilion, OH is hispanic, making up 3.8% of the population. Foreign-born residents account for 1.4% of the population in Vermilion, OH, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	93.4%	-2.2%
% Black	0.3%	-62.5%
% Hispanic	3.8%	31.0%
% Asian	0.9%	∞%
% Foreign Born	1.4%	0.0%

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Mortgage and Risk — Vermilion, OH

According to HUD data as of 2023, there were 369 mortgage originations in Vermilion, OH, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Vermilion, OH. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	369
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	2.0%
% Second Loans	3.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Vermilion, OH

As of 2024, the percent of homes in Vermilion, OH under the Section 8 program is 2.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Vermilion, OH, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	33
Total Units Section 8	33
% Rentals under Section 8	2.7%
% Occupied Section 8	86.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$155	$825	$980
2 Bedroom	$120	$1,100	$1,220
3 Bedroom	-$80	$1,600	$1,520
4 Bedroom	$350	$1,400	$1,750

Vermilion, OH—44089

Key Metrics at a Glance

Home Price Trends — Vermilion, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Vermilion, OH

% of Rental Stock

Property Listings — Vermilion, OH

Demographics — Vermilion, OH

Race and Ethnicity

Mortgage and Risk — Vermilion, OH

Mortgages

Rentals and Section 8 — Vermilion, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Vermilion, OH

Home Price to Income Ratio

Vermilion, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Amherst, OH

Berlin Heights, OH

Kipton

Wakeman, OH

Lorain, OH

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$258,000
Median Household Income	$72,000

Vermilion, OH—44089

Key Metrics at a Glance

Home Price Trends — Vermilion, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Vermilion, OH

% of Rental Stock

Property Listings — Vermilion, OH

Demographics — Vermilion, OH

Race and Ethnicity

Mortgage and Risk — Vermilion, OH

Mortgages

Rentals and Section 8 — Vermilion, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Vermilion, OH

Home Price to Income Ratio

Vermilion, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Amherst, OH

Berlin Heights, OH

Kipton

Wakeman, OH

Lorain, OH

Frequently Asked Questions

What is the average home price in Vermilion, OH 44089?

How have home prices in Vermilion, OH 44089 changed over the past year?

What is the home price projection for Vermilion, OH 44089?

What are the demographics of Vermilion, OH 44089?

How long does it take homes to sell in Vermilion, OH 44089?

What is the average rent price in Vermilion, OH 44089?