Real Estate Investing in Vermillion, South Dakota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 12,937 • Clay County

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Should you buy in Vermillion, SD? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (54/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.4% vacancy may signal weakening demand.

What’s happening in Vermillion, SD?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $276,790
Avg Monthly Rent $813
ZIP Codes 1

Investing in Vermillion Real Estate

Vermillion (South Dakota) spans 1 ZIPs and roughly a sizable population. clearly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

The investment case for Vermillion is difficult to make on screen data alone. less favorable for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Transaction volume in Vermillion has thinned in a way that amplifies price discovery risk. On balance, investors without local context should treat every number on the page with skepticism.

Population dynamics in Vermillion haven't been supportive. less favorable for combined with soft income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Vermillion, SD. Anonymous, moderated, never written by AI.

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Avg Home Value
$276,790
Avg Monthly Rent
$813
1% Rule
✗ Below
Landlord Friendly (SD)

📉 Market Crash Risk Index

Based on Vermillion, SD metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Vermillion, SD metro
0
Days to pending
7.6%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Vermillion

1 College 9,868 Students 355 Off-Campus Renters
C+
University of South Dakota
4-Year Public · 9,868 students
📍 ~355 students rent off-campus

ZIP Codes in Vermillion, SD

Screen every ZIP in Vermillion

Filter Vermillion’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Vermillion, SD

Is Vermillion in SD worth investing in?

Our data puts Vermillion, SD at 3.0/5 for investability. Home prices of $277K and rents around $813/mo create a solid backdrop for investor activity.

Are landlord laws favorable in Vermillion, SD?

Rental owners in Vermillion, SD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

What type of investing works in Vermillion, SD?

Investors usually favor careful cash-flow rentals with hands-on management in Vermillion, SD. With home values at $277K and rents near $813/mo, other strategies can work but produce predictable rather than outsized returns.

Is Vermillion, SD a good market for FHA house hackers?

Vermillion, SD offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $813/mo rent level.

Where do rents currently stand in Vermillion, SD?

Investors in Vermillion, SD typically see rents near $813/mo per month against $277K home values - a solid setup for rental cash flow.

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