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Vermillion, MN Real Estate


According to census data in the year 2000 there were 161 housing units in Vermillion. This represents a 0% decline from 161 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 161 were located in what is classified as a rural area.

Homeownership rate in Vermillion is about 89.4%. Average household size is 2.74 people.

The majority of houses, apartments or condos in Vermillion were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5%
Two Bedrooms21.70%
Three Bedrooms52.80%
Four Bedrooms16.80%
Five Bedrooms or more3.70%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.86
Median year structure was built1971
Median Value of occupied units$123,600

Rented Homes, Apartments and Condos

Average Household Size1.71
Median year structure was built1976

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage14.30%
Home Equity Loan7.50%
Simple Mortgage42.90%
Debt Free35.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.5%