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 Type | 0% |
| One Bedroom | 5% |
| Two Bedrooms | 21.70% |
| Three Bedrooms | 52.80% |
| Four Bedrooms | 16.80% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $123,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.71 |
| Median year structure was built | 1976 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 14.30% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 42.90% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
