Foreclosures in Vermilion, OH

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View this home at Ferndale Ave Vermilion OH 44089
$155,464 EMV

3 Bed | 2 Bath | 1,220 Sq. Ft.

View this home at Sperry Rd Vermilion OH 44089
$371,347 EMV

3 Bed | 2.5 Bath | 1,922 Sq. Ft.

View this home at State Rd Vermilion OH 44089

| 0 Sq. Ft.

View this home at Cliffside Dr Vermilion OH 44089
$353,040 EMV

4 Bed | 3 Bath | 2,114 Sq. Ft.

View this home at Edgewater Dr Vermilion OH 44089
$169,948 EMV

4 Bed | 1 Bath | 1,711 Sq. Ft.

View this home at Langfitt St Vermilion OH 44089
$129,946 EMV

3 Bed | 2 Bath | 1,756 Sq. Ft.

4 View this home at Rowland Rd Vermilion OH 44089

3 Bed | 2 Bath

View this home at Hiawatha Dr Vermilion OH 44089
$115,346 EMV

1 Bed | 1 Bath | 880 Sq. Ft.

View this home at Cummings Rd Vermilion OH 44089
$86,427 EMV

2 Bed | 1 Bath | 880 Sq. Ft.

View this home at Mason Rd Vermilion OH 44089

2 Bed | 4 Bath | 4,188 Sq. Ft.

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Home Value Estimator For Vermilion, OH

There are currently 6,509 real estate properties in Vermilion, OH, with a median automated valuation model (AVM) price of $192,000.00. 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 $236,997.00, with the most expensive house in Vermilion, OH, topping out at $6,205,579.00 and the cheapest home in Vermilion, OH, clocking in at $20,210.00. 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.

Top Reasons To Live In Vermilion, OH In 2024

Vermilion is located in Erie, Ohio, with an estimated municipal population of 10,394 residents. All of the best foreclosed homes for sale in Vermilion are located in the following zip code areas on 44089. The estimated population per square kilometer (.62 miles) in Vermilion is 377.

Cost Of Living In Vermilion, OH

So, about how much do homes cost in Vermilion? The most recent median value of resident-owned homes in Vermilion is 141,082. An estimated 78.9 percent of households in Vermilion own their homes, with an average family size of 2.92. The median household income in Vermilion is 63,715, with24.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Vermilion, the median commute time of resident workers (in minutes) is 28.3. And last, but certainly not least, are you looking for homes to rent in Vermilion? If so, the average rent price paid by renters in Vermilion is 890, according to recent statistics.

Diversity And Demographics In Vermilion, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Vermilion, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Vermilion is 49.8, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Vermilion is 54.2, with an average family size of 2.92.

The percentage of residents who report their race in Vermilion is as follows:

White 98.6%
Black / African American 0.1%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.7%
Other 0.6%

Looking for family-friendly neighborhoods in and/or near Vermilion? Or maybe you are searching for 55+ active adult communities in and/or near Vermilion?

The percentage of residents who report their age in Vermilion is as follows:

Under 10 9.5%
Aged 10-19 11.5%
20s 11.2%
30s 7%
40s 11%
50s 16.4%
60s 17.7%
70s 10.6%
80+ 4.9%

Best Schools In Vermilion, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Vermilion with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Vermilion.

Pros And Cons Of Living In Vermilion, Ohio

How do you know that living in -- or moving to -- Vermilion is right where you need to be? Perhaps you grew up in Vermilion or already live nearby; therefore, the decision to buy a home in Vermilion is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Vermilion for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Vermilion:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Vermilion.

Reasons To Move To Vermilion, Ohio, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Vermilion can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Vermilion, meanwhile, can field multiple offers from more qualified buyers.

Vermilion, OH Foreclosures


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