Median real estate price in the City Center of Vermilion is $135,601, which is more expensive than 58.5% of the neighborhoods in Ohio and 32.2% of the neighborhoods in the U.S.
The average rental price in Vermilion City Center is currently $1,050, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.1% of the neighborhoods in Ohio.
Vermilion City Center is a suburban neighborhood (based on population density) located in Vermilion, Ohio.
Real estate in the City Center of Vermilion, OH is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vermilion City Center has a 13.3% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 68.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.