Vermillion County, IN

Comprehensive housing, income, and cost of living data for Vermillion County, Indiana. Population: 15.5K.

Median Home Price
$125.2K

Based on 7 cities

Median Household Income
$59.4K

Annual household income

Price-to-Income Ratio
2.1x

Highly affordable

Salary Needed to Buy
$32.2K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$789

Average annual amount

Effective Tax Rate
0.63%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$633
Property Tax$65.75
Insurance$52.19
Total Monthly$751
Historical Home Prices
2015
$69.5K
2016
$72.1K
+3.7%%
2017
$74.6K
+3.5%%
2018
$80.1K
+7.3%%
2019
$86.8K
+8.4%%
2020
$97.9K
+12.7%%
2021
$111.4K
+13.8%%
2022
$119.7K
+7.5%%
2023
$116.4K
-2.8%%
2024
$124.1K
+6.6%%
2025
$125.9K
+1.4%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.9%%

Below national average

Population Density
60

People per square mile

Homicide Rate
0.0

null (per 100K residents)

Political Lean (2020)
Competitive

R+1

Racial Demographics

White
95.7%
Black
0%
Hispanic
1.4%
Asian
0.1%
Two or More Races
2.6%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
53°F

Annual average

Sunny Days
150

Days per year

Annual Rainfall
41.8"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 23/100

Frequently Asked Questions

What is the median home price in Vermillion County, IN?

The median home price in Vermillion County, Indiana is $125.2K. The price-to-income ratio is 2.1x, meaning the median home costs 2.1 times the median household income.

What salary do you need to buy a home in Vermillion County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $32.2K per year to buy the median home in Vermillion County, IN. Monthly housing costs break down to $633 for mortgage, $65.75 for property tax, and $52.19 for insurance.

What is the property tax rate in Vermillion County?

The effective property tax rate in Vermillion County is 0.63%, which comes to approximately $789 per year on the median home.

What is the median household income in Vermillion County?

The median household income in Vermillion County, Indiana is $59.4K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.9%%.

Is Vermillion County a good place to live?

Vermillion County, Indiana has a population of 15.5K. Housing affordability is strong with a price-to-income ratio of 2.1x. The climate averages 53 degrees F with 150 sunny days per year. Compare Vermillion County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.