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Vermillion, SD—57069

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$265,000
5.0% YoY Growth
Household Income
$54,700
34.0% YoY Growth
Days on Market
51
2.0% Shorter YoY
Home Price Forecast
4.0%
Median Rent
$600
25.4% YoY Growth
1-Bed Rent
$550
6.3% YoY Growth
2-Bed Rent
$900
8.4% YoY Growth
3-Bed Rent
$900
3.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Vermillion, SD

As of Dec '25, the median home price in Vermillion, SD is $265,000, with a year-over-year change of 5.0%. This indicates that home prices in Vermillion, SD are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$265,0005.0%
Single Family $265,0004.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$191,0005.5%
    3 Bed
    		$258,0004.9%
    4 Bed
    		$286,0004.8%
    5 Bed $376,8844.9%
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    % of Housing Stock

    Studio
    4.9%
    1 Bedroom
    12.3%
    2 Bedrooms
    35.6%
    3 Bedrooms
    19.1%
    4 Bedrooms
    18.0%
    5+ Bedrooms
    10.2%

    Rental Trends — Vermillion, SD

    As of July '25, Rentcast reports the average rent in Vermillion, SD is $776, with a year-over-year rent change of -25.4%. Per bedroom, the median rent as of July '25 in Vermillion, SD is 1-bedrooms: $558, 2-bedrooms: $800, 3-bedrooms: $1,020. The most common rental property sizes in Vermillion, SD are 2-bedroom and 1-bedroom, accounting for 49.7% and 21.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$600$776
    Studio Rent N/AN/A
    1 Bed Rent $550$558
    2 Bed Rent $900$800
    3 Bed Rent $900$1,020
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    9.0%
    1 Bedroom
    21.1%
    2 Bedrooms
    49.7%
    3 Bedrooms
    10.6%
    4 Bedrooms
    5.9%
    5+ Bedrooms
    3.8%

    Property Listings — Vermillion, SD

    As of Dec '25, Realtor.com reports that the median days on market for a home in Vermillion, SD is 46. This is a increase of 5.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$305,000-2.0%
    Listing Count
    		2810.0%
    Listings as % of Homes0.2%10.0%
    Days on Market
    		51-2.0%
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    Demographics — Vermillion, SD

    As of the latest ACS Survey released in 2023, Vermillion, SD has a population of 12,900, which has increased by 8.1% over the past 5 years. Vermillion, SD is a moderately popular place for families, as children make up 16.6% of the population. The area has a highly educated workforce, with 49.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		12,9008.1%
    % Under 18
    		16.6%4.4%
    % Seniors
    		10.9%11.2%
    % WFH
    		6.8%19.3%
    % w/ College Degree
    		49.6%-9.5%
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    As of the latest ACS Survey released in 2023, Vermillion, SD is a predominantly white area, with 85.6% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Vermillion, SD is asian, making up 3.4% of the population. Foreign-born residents account for 4.9% of the population in Vermillion, SD, and this percentage has increased by 48.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.6%-1.2%
    % Black
    		2.3%76.9%
    % Hispanic
    		3.1%10.7%
    % Asian
    		3.4%13.3%
    % Foreign Born
    		4.9%48.5%
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    Mortgage and Risk — Vermillion, SD

    According to HUD data as of 2023, there were 179 mortgage originations in Vermillion, SD, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Vermillion, SD. Investor activity is low, as 8.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		179
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		8.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Vermillion, SD

    Vermillion, SD lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		370
    Total Units Section 8
    		370
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		95.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$140$550$690
    2 Bedroom$10$900$910
    3 Bedroom$380$900$1,280
    4 BedroomN/AN/A$1,530

    Affordability — Vermillion, SD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$265,000
    Median Household Income$54,700

    Vermillion, SD — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions