Safe Rate Local
Learn about the people, housing, costs and businesses in Vermilion, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Vermilion.
True all-in cost — P&I, taxes, insurance & utilities for homes in Vermilion.
Find and compare lenders active near Vermilion.
FEMA flood zones and flood insurance estimates for Vermilion.
Seismic risk and earthquake insurance estimates for Vermilion.
Wildfire exposure and insurance estimates for Vermilion.
As of today, the 30-year fixed mortgage rate for Vermilion is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for VermilionThe median home value in Vermilion is $125k. The median monthly rent is $749. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Vermilion have decreased 1.3% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $857/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vermilion is $73k/year.
Calculate your buying powerThe largest employment sectors in Vermilion are public administration (30%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.