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Vermilion, IL Real Estate


According to census data in the year 2000 there were 100 housing units in Vermilion. This represents a 9.1% decline from 110 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 100 were located in what is classified as a rural area.

Homeownership rate in Vermilion is about 71%. Vermilion's vacancy rate, including seasonal lodging, is about 7%. Average household size is 2.61 people.

The majority of houses, apartments or condos in Vermilion were built after 1942.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom12%
Two Bedrooms39%
Three Bedrooms33%
Four Bedrooms11%
Five Bedrooms or more5%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1939
Median Value of occupied units$37,500
Median Price asked for vacant units$22,500

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1968
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.10%
Home Equity Loan5.10%
Simple Mortgage45.80%
Debt Free44.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%