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Vermillion

Learn about the people, housing, costs and businesses in Vermillion, Kansas

Median Home$151,600
Median Rent$717/month
Population76
Leading IndustriesTransportation · Retail · Finance & Insurance6% transportation
Home Value Growth⬆⬆⬆+23.2% over 2 years
Young Adults24% of residents
Homeowners85% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
NotableAffordable Market$152k median home · lower cost than 74% of the country
Vermillion
KS

Frequently Asked Questions

What are today's mortgage rates in Vermillion?

As of today, the 30-year fixed mortgage rate for Vermillion is approximately 6.958% (6.999% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Vermillion?

The median home value in Vermillion is $152k. The median monthly rent is $717. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Vermillion?

Home values in Vermillion have increased 23.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Vermillion?

Based on a typical all-in ownership cost of $727/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vermillion is $81k/year.

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What industries drive the economy in Vermillion?

The largest employment sectors in Vermillion are retail (21%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.