Vermillion, SD housing market
Homes typically sell in 83 days, below asking.
Home values, sales, trends and how Vermillion compares with the towns next door — updated as new data is published.
Vermillion at a glance
A balanced market
About 5.9 months of supply: neither buyers nor sellers have a clear edge.
Home prices up 48% in 5 years
The federal house price index for the ZIP code around Vermillion rose 48% over the past 5 years, about the same as across South Dakota. Last year prices rose 4%. Carrying the Census median home value forward with that index puts the typical Vermillion home at roughly $348,000 today.
Show as a table
| Year | Change that year | Since 2000 | South Dakota since 2000 |
|---|---|---|---|
| 2025 | +4% | +174% | +181% |
| 2024 | +7.3% | +163% | +173% |
| 2023 | +4.4% | +145% | +164% |
| 2022 | +14% | +135% | +145% |
| 2021 | +11% | +105% | +109% |
| 2020 | +3.8% | +85% | +88% |
| 2019 | +3.5% | +78% | +83% |
| 2018 | +7% | +72% | +75% |
| 2017 | +0.9% | +61% | +67% |
| 2016 | +5.6% | +60% | +59% |
| 2015 | +3.6% | +51% | +52% |
| 2014 | −1.3% | +46% | +47% |
| 2013 | +5.5% | +48% | +42% |
| 2012 | +1.2% | +40% | +38% |
| 2011 | +0.1% | +39% | +37% |
| 2010 | +2.7% | +38% | +37% |
| 2009 | −2.5% | +35% | +38% |
| 2008 | +1.9% | +38% | +38% |
| 2007 | +4.5% | +36% | +36% |
| 2006 | +5% | +30% | +31% |
| 2005 | +13% | +24% | +25% |
| 2004 | +3% | +9.7% | +17% |
| 2003 | −0.2% | +6.5% | +11% |
| 2002 | +2.8% | +6.7% | +7.9% |
| 2001 | +3.8% | +3.8% | +4.3% |
| 2000 | — | — | — |
How Vermillion ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 57069, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
11 new homes permitted in 2025
Builders were permitted 11 new homes in Vermillion in 2025: 6 single-family houses and 5 in buildings with two or more homes, worth about $2.2 million to build. That's 0.9 per 1,000 residents, slower than across South Dakota (6.6). Over the past 10 years, Vermillion has permitted 468 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Vermillion gained 1,124 residents while 610 new homes were permitted: about 1.8 new residents per new home. Building and growth moved roughly in step. Across South Dakota: 1.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 15 | 5 | 10 | $2.2 million |
| 2025 | 11 | 6 | 5 | $2.2 million |
| 2024 | 19 | 9 | 10 | $3.6 million |
| 2023 | 27 | 11 | 16 | $4.2 million |
| 2022 | 12 | 12 | 0 | $3.1 million |
| 2021 | 12 | 12 | 0 | $3.3 million |
| 2020 | 58 | 14 | 44 | $11 million |
| 2019 | 17 | 17 | 0 | $7.1 million |
| 2018 | 253 | 10 | 243 | $34.7 million |
| 2017 | 24 | 20 | 4 | $4.7 million |
| 2016 | 35 | 27 | 8 | $6 million |
| 2015 | 63 | 13 | 50 | $5.5 million |
| 2014 | 40 | 12 | 28 | $3.1 million |
| 2013 | 36 | 12 | 24 | $2.8 million |
| 2012 | 64 | 18 | 46 | $4.7 million |
| 2011 | 43 | 13 | 30 | $3.2 million |
| 2010 | 35 | 15 | 20 | $3 million |
| 2009 | 32 | 14 | 18 | $2.8 million |
| 2008 | 41 | 21 | 20 | $3.9 million |
| 2007 | 69 | 35 | 34 | $6.6 million |
| 2006 | 78 | 29 | 49 | $5.8 million |
| 2005 | 37 | 26 | 11 | $3.7 million |
| 2004 | 92 | 26 | 66 | $5.1 million |
| 2003 | 16 | 16 | 0 | $2 million |
| 2002 | 24 | 24 | 0 | $2.9 million |
| 2001 | 56 | 26 | 30 | $5 million |
| 2000 | 34 | 26 | 8 | $3.5 million |
Vermillion's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Vermillion ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Vermillion and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Vermillion | — | +4%† | $930 | 11 | $50,456 |
| Vermillion | $276K | +1.6% | $930 | — | — |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical Vermillion home costs about 4.3 years of the town's median household income, about the same as across South Dakota (4.3).
How Vermillion ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
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. Renters already in Vermillion pay a median of $764, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
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. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.