Vermillion, SD housing market
The typical Vermillion home is worth about $276,000, up 1.6% in a year, 14% below the South Dakota typical home.
Home values, sales, trends and how Vermillion compares with the towns next door — updated as new data is published.
Vermillion at a glance
Typical home value, 2016–2026
Show as a table
| January | Vermillion | South Dakota |
|---|---|---|
| 2017 | $152,000 | $186,000 |
| 2018 | $160,000 | $195,000 |
| 2019 | $165,000 | $203,000 |
| 2020 | $176,000 | $215,000 |
| 2021 | $192,000 | $235,000 |
| 2022 | $214,000 | $272,000 |
| 2023 | $233,000 | $297,000 |
| 2024 | $242,000 | $301,000 |
| 2025 | $264,000 | $312,000 |
| 2026 | $276,000 | $319,000 |
| August 2026 | $276,000 | $322,000 |
Vermillion and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Vermillion | $276K | +1.6% | $930 | — | — |
| Vermillion | — | +4%† | $930 | 11 | $50,456 |
| Norway | — | +4%† | $930 | — | — |
| Spirit Mound | — | +4%† | $930 | — | $164,643 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Vermillion is $930 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $640 · 4 bedrooms $1,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57069; Clay County, SD), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.