In Vermilion, a typical home is worth $183,600 and typical rent is $1,099 a month. Compared with all of Lorain County, the typical home value is 18% lower, typical rent is 14% higher, and the share of households that own their home is 7 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $201,146 to $270,640.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Vermilion is in Lorain County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lorain County. See the county
What this place has that others do not, from public data, most unusual first.
1
Vermilion has the 3rd smallest share of rent-burdened renters of the 253 cities in Ohio with more than 5,000 people (26%).
2
Nearby, in Lorain, the typical home value is $139,200: 24% less than in Vermilion ($183,600).
3
Nearby, in Lorain, the typical rent is $887: 19% less than in Vermilion ($1,099).
4
The typical home in Vermilion is worth $183,600,18% less than in Lorain County as a whole ($223,200).
5
81% of households in Vermilion own their home, against 74% in Lorain County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Vermilion
What homes there are in Vermilion, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Vermilion
Lorain County
Ohio
United States
Kind of home: Vermilion and its comparisons
Measure
Vermilion
Lorain County
Ohio
United States
Detached house
87%
76%
69%
61%
Attached house
4%
6%
5%
6%
Building of 2 to 4
Unreliable estimate
5%
8%
8%
Apartments (5 or more)
Unreliable estimate
11%
15%
19%
Mobile home
Unreliable estimate
2%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Vermilion, 9 in 10 homes are single-family detached houses; in Lorain County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Vermilion
Lorain County
Ohio
United States
Year built: Vermilion and its comparisons
Measure
Vermilion
Lorain County
Ohio
United States
Before 1960
33%
33%
38%
26%
1960–1979
38%
27%
26%
24%
1980–1999
20%
18%
20%
25%
2000–2009
Unreliable estimate
13%
10%
14%
2010 or later
4%
9%
7%
11%
In Vermilion, half of the homes were built before 1967; in Lorain County, before 1973.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K9%
$100K–$200K48%
$200K–$300K23%
$300K–$500K16%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Vermilion and its comparisons
Measure
Vermilion
Under $100K
9%
$100K–$200K
48%
$200K–$300K
23%
$300K–$500K
16%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
At least 95% of owner-occupied homes in Vermilion are worth less than $500,000, below the FHA loan limit for Lorain County ($541,287).
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99932%
$1,000–$1,49956%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Vermilion and its comparisons
Measure
Vermilion
Under $500
Unreliable
$500–$999
32%
$1,000–$1,499
56%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,314 a month
Lorain County: $1,525 a month
Without a mortgage
$644 a month
Lorain County: $629 a month
Owners with a mortgage
63%
Lorain County: 62%
The typical cost for an owner with a mortgage in Vermilion is $1,314 a month, less than in Lorain County ($1,525); without one, $644.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Vermilion+30%
Lorain County+48%
Ohio+47%
United States+53%
Typical rent
Vermilion+24%
Lorain County+25%
Ohio+28%
United States+33%
Typical household income
VermilionNo clear change
Lorain County+26%
Ohio+26%
United States+29%
Change since 2015–2019: Vermilion and its comparisons
Measure
Vermilion
Lorain County
Ohio
United States
Typical home value
+30%
+48%
+47%
+53%
Typical rent
+24%
+25%
+28%
+33%
Typical household income
No clear change
+26%
+26%
+29%
Homes in Vermilion gained value more slowly than in Lorain County: 30% since 2015–2019, against 48%.
Rents in Vermilion rose at about the same pace as in Lorain County: 24% since 2015–2019, against 25%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Vermilion and its comparisons
Measure
Vermilion
Lorain County
Ohio
United States
Rental vacancy
Unreliable estimate
7.5%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.3%
1.5%
3.4%
People per household
2.20
2.42
2.37
2.53
Drive alone
84%
78%
75%
69%
Carpool
Unreliable estimate
8%
8%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
12%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.20 on average, against 2.42 in Lorain County.
To get to work, 84% of workers in Vermilion drive alone; in Lorain County, 78%.
Do the math
What would you pay each month for a home in Vermilion?
A typical home is within reach of the typical income
We start with a typical home in Vermilion, worth $183,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 27% of the typical household income in Vermilion, which is $69,701 a year.
The calculator's FHA and conventional loan limits are those of all of Lorain County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Vermilion. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,426 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,595
at 7.18% · 30 years
Loan amount
$180,275
Total interest
$259,373
Paid off in
November 2056
Includes $3,101 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,626 a month
Your payment · 27%
Tight
$1,626 to $2,091 a month
Hard
more than $2,091 a month
Compared with the typical household income in Vermilion ($69,701 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,221
Property tax
$216
Home insurance
$77
FHA mortgage insurance (MIP)
$81
You need at least $6,426 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,595; principal and interest $1,221.
The city and its county
Vermilion and Lorain County
Vermilion is in Lorain County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Vermilion
Map of Lorain County, Ohio, with Vermilion marked. Around it, the neighboring counties.
Vermilion
Lorain County
Other cities with a page
Vermilion's own numbers
Typical home value
$183,600
Typical monthly rent
$1,099
Typical yearly household income
$69,701
Households that own their home
81%
Effective property tax rate
1.41%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lorain County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,274
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lorain County.
A typical home in Vermilion is worth $183,600: 18% below the county and 15% below Ohio. With the typical household income in Vermilion ($69,701 a year), a typical home costs 2.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Vermilion2.6 years
Lorain3.0 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lorain County
According to FHFA’s house price index, home prices in Lorain County rose 92% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lorain County.
Yearly change in FHFA’s price index in Lorain County, 2016 to 2025
2016: +2.2% +2.2% 2016
2017: +5.3% +5.3% 2017
2018: +4.9% +4.9% 2018
2019: +4.4% +4.4% 2019
2020: +4.6% +4.6% 2020
2021: +11.2% +11.2% 2021
2022: +13.0% +13.0% 2022
2023: +9.3% +9.3% 2023
2024: +7.4% +7.4% 2024
2025: +5.6% +5.6% 2025
Change in FHFA’s price index in Lorain County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+5.6%
+4.8%
+2.9%
5 years (2020–2025)
+56%
+53%
+47%
10 years (2015–2025)
+92%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Vermilion next to Lorain County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Vermilion$183,600
Lorain$223,200
Ohio$214,800
United States$332,700
Typical monthly rent
Vermilion$1,099
Lorain$966
Ohio$1,034
United States$1,413
Typical yearly household income
Vermilion$69,701
Lorain$73,347
Ohio$71,389
United States$80,734
See the full table
Vermilion next to Lorain County and Ohio
Measure
Vermilion
Lorain County
Ohio
U.S.
Typical home value
$183,600 ▼18% below the county
$223,200
$214,800
$332,700
Typical monthly rent
$1,099 ▲14% above the county
$966
$1,034
$1,413
Typical yearly household income
$69,701 ▼5% below the county
$73,347
$71,389
$80,734
Households that own their home
81% ▲7 points above the county
74%
67%
65%
Typical yearly property tax
$2,595 ▼15% below the county
$3,055
$2,822
$3,119
Effective property tax rate
1.41% ▲0.04 points above the county
1.37%
1.31%
0.94%
Renters with high rent for their income
26% ▼21 points below the county
47%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lorain County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Vermilion
For a typical $183,600 home in Vermilion, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Vermilion's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,595a month
Least cash to close
Down payment
$6,426
Cash to close
$11,934
Rate
7.18%
Mortgage insurance
FHA MIP · $81
Conventional, 5% down$1,561a month
Down payment
$9,180
Cash to close
$14,688
Rate
7.18%
Mortgage insurance
PMI · $87
Conventional, 20% down, no PMI$1,287a month
Down payment
$36,720
Cash to close
$42,228
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,457a month
Down payment
$27,540
Cash to close
$33,048
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Vermilion
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,595
$6,426
$180,275
7.18%
FHA MIP · $81
$11,934
580
Conventional, 5% down
$1,561
$9,180
$174,420
7.18%
PMI · $87
$14,688
620*
Conventional, 20% down, no PMI
$1,287
$36,720
$146,880
7.18%
None
$42,228
620*
ITIN, 15% down (example)
$1,457
$27,540
$156,060
8.18%
None
$33,048
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Vermilion is $1,099 a month: 14% above the county. In Vermilion, 26% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lorain County, by unit size. To pay the 2-bedroom one ($1,274 a month) without spending more than 30% of your income, you would need to earn $24.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lorain County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$924
$17.77
$36,960
1 bedroom
$1,050
$20.19
$42,000
2 bedrooms
$1,274
$24.50
$50,960
3 bedrooms
$1,628
$31.31
$65,120
4 bedrooms
$1,756
$33.77
$70,240
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Vermilion
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Vermilion is in ZIP code 44089.
For 2 bedrooms it is $1,390: $116 more than the fair market rent for Lorain County ($1,274).
Fair market rent by ZIP code and size in Vermilion, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
44089
$1,040
$1,130
$1,390
$1,760
$1,930
ZIP code2 bd3 bd
44089 $1,390$1,760
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Vermilion when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 4 HUD-approved agencies with an office in Lorain County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Vermilion or Lorain County. The ones below are statewide in Ohio: they work in Vermilion the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Vermilion or Lorain County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Vermilion and all of Lorain County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Vermilion?
The typical home value in Vermilion is $183,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lorain County it is $223,200.
How much does it cost to rent in Vermilion?
Typical rent in Vermilion is $1,099 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lorain County is $1,274.
What is the FHA loan limit in Vermilion?
Vermilion uses the FHA limit for all of Lorain County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Vermilion?
The typical homeowner in Vermilion pays $2,595 a year, according to the U.S. Census Bureau. That is 1.41% of the home’s value; in Lorain County, the rate is 1.37%.
Where can I find free help to buy or rent in Vermilion?
There are 4 HUD-approved counseling agencies with an office in Lorain County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
