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Vermilion, OH

Full City Profile · Ohio · Lorain County County

3.4 /5.0
B Good
10,451 Population 986/sq mi density
$73,052 Median Income $46,285 per capita
$172,000 Home Value $257,544 Zillow
$1,123 Median Rent 21.3% income on rent
50°F Avg Temperature 275 sunny days/yr
19 Violent Crime/100K 873 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$73,052 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$172,000 home value, $1,123/mo rent
F
Safety
1.0 / 5.0
19 violent crimes/100K
B
Education
3.4 / 5.0
29.9% bachelor's degree or higher

Housing Overview

Median Home Value
$172,000
39% below
US avg: $281,900
Median Rent
$1,123/mo
3% below
US avg: $1,163/mo
Homeownership Rate
80.6%
23% above US avg (65.4%)
Total Housing Units
5,152
Median year built: 1966

Home Value by Source

Census Median
$172,000
Zillow (ZHVI)
$257,544
Median Sale Price
$252,500
Median List Price
$280,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.6%
Owner-Occupied
19.4%
Renter-Occupied
81%
19%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$816/mo
1 Bedroom
$873/mo
2 Bedroom
$1,092/mo
3 Bedroom
$1,388/mo
4 Bedroom
$1,550/mo
Census median rent: $1,123/mo

Market Indicators (Redfin)

Median Days on Market
70 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
7
Price Drops
9.1%
of listings with price reduction
Price Per Sq Ft
$146
Active Inventory
33
homes for sale

Affordability & Housing Stock

Rent Burden
21.3%
of renters spending 30%+ of income on housing
31% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
80.6%

Complete Housing Data

Home Values

Census Median Value$172,000
Zillow Home Value (ZHVI)$257,544
Median Sale Price$252,500
Median List Price$280,000
Price Per Sq Ft$146

Rent

Census Median Rent$1,123
FMR Studio$816
FMR 1-Bedroom$873
FMR 2-Bedroom$1,092
FMR 3-Bedroom$1,388
FMR 4-Bedroom$1,550

Market

Days on Market70
Sale-to-List Ratio0.9%
Price Drops9.1%
Homes Sold7
Active Inventory33
Price Per Sq Ft$146

Ownership & Stock

Owner-Occupied80.6%
Renter-Occupied19.4%
Homeownership Rate80.6%
Total Housing Units5,152
Median Year Built1966
Rent Burden21.3%