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Preforeclosure Homes in Vermilion, OH

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Living in Vermilion, OH

Vermilion, OH, offers a picturesque lakeside community with a small-town vibe, rich local culture, and access to outdoor recreational activities. Known for its scenic beauty and friendly atmosphere, Vermilion is an ideal place to live for those seeking a quieter lifestyle while still being connected to the amenities of nearby urban areas.

Current Market Conditions in Vermilion, OH

The Vermilion real estate market has shown an uptick in interest, driven by its scenic waterfront properties and tight-knit community feel. Buyers are increasingly attracted to the area for its affordability compared to larger cities in the region, leading to a competitive market environment. Houses tend to sell quickly, especially those near the lake and in popular neighborhoods.

Current trends indicate a growing number of families and retirees looking to relocate here, which has kept housing values relatively stable. Investors are also showing interest, recognizing the potential for rental properties in a desirable tourist destination.

Home Value Estimator For Vermilion, OH

There are currently 7,009 real estate properties in Vermilion, OH, with a median automated valuation model (AVM) price of $257,404.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Vermilion, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Vermilion, OH, is $307,125.00, with the most expensive house in Vermilion, OH, topping out at $6,069,914.00 and the cheapest home in Vermilion, OH, clocking in at $20,528.00. In other words, there’s something for every potential homebuyer or savvy investor in Vermilion, OH!

Rent Prices In Vermilion, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Vermilion, OH, is on a rollercoaster ride. The average rent price in Vermilion, OH, is $1,276.00. Indeed, when looking to rent in Vermilion, OH, you can expect to pay as little as $580.00 or as much as $2,420.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Vermilion, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Vermilion, OH Preforeclosure Homes


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