Vermilion, OH Real Estate
According to census data in the year 2000 there were 4,719 housing units in Vermilion.
This represents a 8.1% growth from 4,367 in 1990.
Of those housing units, 4,440 were located in either urbanized areas or urban clusters, and 279 were located in what is classified as a rural area.
Homeownership rate in Vermilion is about 75.4%.
Vermilion's vacancy rate, including seasonal lodging, is about 9.9%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Vermilion were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.10% |
| Two Bedrooms | 28.50% |
| Three Bedrooms | 48.80% |
| Four Bedrooms | 14.60% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $109,400 |
| Median Price asked for vacant units | $97,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $447 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 19.90% |
| Simple Mortgage | 46.70% |
| Debt Free | 24.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
