Vermillion, SD Real Estate
According to census data in the year 2000 there were 3,956 housing units in Vermillion.
This represents a 15.4% growth from 3,428 in 1990.
Of those housing units, 3,911 were located in either urbanized areas or urban clusters, and 45 were located in what is classified as a rural area.
Homeownership rate in Vermillion is about 46.1%.
Vermillion's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Vermillion were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 16.10% |
| Two Bedrooms | 36.90% |
| Three Bedrooms | 26.10% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $83,700 |
| Median Price asked for vacant units | $38,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $388 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 51.40% |
| Debt Free | 38% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
