Vermillion, SD—57069
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Vermillion, SD
As of Oct '25, the median home price in Vermillion, SD is $265,000, with a year-over-year change of 5.7%. This indicates that home prices in Vermillion, SD are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 5.7% |
| Single Family | $266,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | 6.1% |
3 Bed | $258,000 | 5.3% |
4 Bed | $286,000 | 5.5% |
| 5 Bed | $377,000 | 5.3% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $600 | $776 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $558 |
| 2 Bed Rent | $900 | $800 |
| 3 Bed Rent | $900 | $1,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Vermillion, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Vermillion, SD is 70. This is a increase of 6.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $315,000 | -2.0% |
Listing Count | 22 | 1.0% |
| Listings as % of Homes | 0.2% | 1.0% |
Days on Market | 70 | 6.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,900 | 8.1% |
% Under 18 | 16.6% | 4.4% |
% Seniors | 10.9% | 11.2% |
% WFH | 6.8% | 19.3% |
% w/ College Degree | 49.6% | -9.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $550 | $690 |
| 2 Bedroom | $10 | $900 | $910 |
| 3 Bedroom | $380 | $900 | $1,280 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Vermillion, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $265,000 |
| Median Household Income | $54,700 |