Vermillion, MN Foreclosures
How much do homes sell for in Vermillion, MN?
The average home price is currently $355,895.
In Vermillion, MN, how many homes are available?
There are currently 10 active home listings available in Vermillion.
What’s the average rental cost in Vermillion, MN?
The average rental price in Vermillion is $1,772.
What is the most expensive home in Vermillion?
The most expensive home sold in Vermillion had a price of $655,277.
What is currently the cheapest priced home in Vermillion, MN?
The cheapest home for sale in Vermillion is priced at $166,191.
Living in Vermillion, MN
Vermillion, MN is a quaint small town located along the Mississippi River, known for its rural beauty and close community. With excellent access to outdoor recreational activities and a friendly atmosphere, it offers a perfect blend of peaceful living while being close to the urban conveniences of the Twin Cities.
Current Market Conditions in Vermillion, MN
The real estate market in Vermillion has seen a steady increase in demand over the past year, driven by families and individuals seeking the serenity of small-town living while remaining close to metropolitan resources. This surge has resulted in a moderate appreciation of home values, making it a favorable environment for both buyers and sellers.
Recently, there's been an uptick in the construction of new homes, catering to the growing population. This shift indicates a robust and expanding market, attracting more people to consider Vermillion as their permanent residence.
Home Value Estimator For Vermillion, MN
There are currently 152 real estate properties
in Vermillion, MN,
with a median automated valuation model (AVM) price
of $346,328.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Vermillion, MN, 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 Vermillion, MN,
is $355,895.00, with the most expensive house
in Vermillion, MN, topping out
at $655,277.00 and the cheapest home
in Vermillion, MN,
clocking in at $166,191.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Vermillion, MN!
Rent Prices
In Vermillion, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Vermillion, MN, is on
a rollercoaster ride. The
average rent price in Vermillion, MN,
is $1,772.00. Indeed, when looking to rent in
Vermillion, MN, you can expect to pay as little
as $1,180.00 or as much
as $2,820.00,
with the average rent median estimated to
be $1,740.00. The good news is that finding
an affordable and desirable property to rent in Vermillion, MN
-- 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.
Learn more on Foreclosure homes
