The typical owner-occupied home in Vermillion is worth about $100,000, 54% below the Kansas median of $217,200 and 70% below the national median of $332,700. Owners pay a median $1,375 a year in property taxes, about 1.38% of their home's value, higher than the Kansas rate of 1.29%. 85% of occupied homes here are lived in by their owners, and 9% of those owners still have a mortgage.
Vermillion at a glance
| Vermillion | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $100,000 | $217,200 | $332,700 |
| Median property tax paid per year | $1,375 | $2,798 | $3,119 |
| Property tax as a share of value | 1.38% | 1.29% | 0.94% |
| Median household income | – | $74,275 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 9% | 57% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,689 | $1,963 |
| Median rent | – | $1,060 | $1,413 |
| Median year homes were built | 1942 | 1976 | 1980 |
| Vacant homes | 35.0% | 9.2% | 10.1% |
| Population | 52 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Vermillion
At this week's average 30-year rate of 7.11%, buying the median Vermillion home of $100,000 with 20% down costs about $695 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $861, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $29,779 for the 20%-down payment.
| Down payment | $20,000 |
|---|---|
| Loan amount | $80,000 |
| Principal and interest | $538 |
| Property taxes (1.38% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $695 |
Change the numbers in the calculator
| Down payment | $3,500 |
|---|---|
| Loan amount | $98,189 |
| Principal and interest | $661 |
| Property taxes (1.38% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $44 |
| Total per month | $861 |
Change the numbers in the calculator
Questions about home buying in Vermillion
What is the median home value in Vermillion?
About $100,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Vermillion?
Homeowners pay a median $1,375 a year, which is about 1.38% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Vermillion?
For the median home with 20% down at 7.11%, the payment is about $695 a month. Keeping that under 28% of gross income takes about $29,779 a year.
More about Vermillion
- Mortgage Refinance in Vermillion
- Debt Relief in Vermillion
- Home Equity Loans in Vermillion
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data