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Rent To Own Homes in Vermillion, SD 57069

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Vermillion, SD Foreclosures

How much do homes sell for in Vermillion, SD?
The average home price is currently $306,614.
In Vermillion, SD, how many homes are available?
There are currently 2 active home listings available in Vermillion.
What’s the average rental cost in Vermillion, SD?
The average rental price in Vermillion is $1,205.
What is the most expensive home in Vermillion?
The most expensive home sold in Vermillion had a price of $7,372,476.
What is currently the cheapest priced home in Vermillion, SD?
The cheapest home for sale in Vermillion is priced at $13,819.

Living in Vermillion, SD

Vermillion is a charming college town located on the banks of the Missouri River in southeastern South Dakota. It is home to the University of South Dakota, which brings a vibrant atmosphere filled with youthful energy and cultural activities. The town features beautiful historic architecture, parks, and access to outdoor recreational opportunities, making it an inviting place for families and professionals alike.

Current Market Conditions in Vermillion, SD

Vermillion's real estate market has shown stability over the past year, with a healthy blend of new listings and properties selling at competitive prices. Demand has remained steady, primarily due to the influx of college students and workforce professionals, contributing to a moderately active market. Investors are increasingly recognizing the potential of the rental market driven by university enrollment numbers.

As home values appreciate gradually, buyers are finding more options in affordable single-family homes, making homeownership attainable. Recent trends indicate a rise in demand for properties near the university and recreational areas, indicating that location plays a significant role in buyers' decisions.

Home Value Estimator For Vermillion, SD

There are currently 3,146 real estate properties in Vermillion, SD, with a median automated valuation model (AVM) price of $260,916.00. 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, SD, 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, SD, is $306,614.00, with the most expensive house in Vermillion, SD, topping out at $7,372,476.00 and the cheapest home in Vermillion, SD, clocking in at $13,819.00. In other words, there’s something for every potential homebuyer or savvy investor in Vermillion, SD!

Rent Prices In Vermillion, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Vermillion, SD, is on a rollercoaster ride. The average rent price in Vermillion, SD, is $1,205.00. Indeed, when looking to rent in Vermillion, SD, you can expect to pay as little as $640.00 or as much as $2,030.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Vermillion, SD -- 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.

Vermillion, SD 57069 Rent To Own Homes

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