Vermillion, KS 66544 housing market

What this means

• Valuation. Prices are 15% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are up 13.0% over the past year (U.S.: +1.2%).
• Negotiating. Homes sell for about 27.6% below their final list price (as of Jun 2014); 0% of listings had a price cut (U.S.: 26%) (as of Sep 2024).
• Affordability. A mortgage on the typical home takes 17% of the median household income (U.S.: 35%); it takes about $54k a year to keep the payment at 30% of gross pay. That includes about $1,922 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $136 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −1% to +15% over the next 12 months (88% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −1.3% to +15.0% (80% range; middle estimate +8.0%), chance of a rise 88%, of a 5%+ drop 3%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

Other ZIP codes in Marshall County, KS