Vermillion County, Indiana home prices
Typical home $130,643 · -0.7% in a year · property tax 0.69%
The typical home in Vermillion County is worth $130,643, 49% less than the Indiana typical home ($257,165). Values changed -0.7% in the past year and +17.2% over five years. Homeowners here pay a median 0.69% of their home's value in property tax each year ($902 on the typical home), versus 0.74% statewide.
Mortgage on the typical Vermillion County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $26,129 | $104,514 | $703 | $0 | $140 | $844 | $36,200 |
| 10% down | $13,064 | $117,578 | $791 | $49 | $140 | $980 | $42,000 |
| 5% down | $6,532 | $124,110 | $835 | $52 | $140 | $1,027 | $44,000 |
| 3.5% down (FHA) | $4,572 | $128,276 | $863 | $58 | $140 | $1,061 | $45,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.69% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Indiana · part of the Terre Haute metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Blackford County | $144,987 | +5.8% | 0.81% |
| Grant County | $153,995 | +4.1% | 0.72% |
| Sullivan County | $156,761 | -0.4% | 0.61% |
| Knox County | $158,943 | +4.3% | 0.68% |
| Jay County | $159,102 | +1.8% | 0.6% |
| Fayette County | $159,315 | +1.4% | 0.73% |
| Vigo County | $160,130 | +0.7% | 0.88% |
| Randolph County | $161,757 | +11.5% | 0.79% |
| Miami County | $162,402 | +7.3% | 0.6% |
| Crawford County | $167,258 | +3.9% | 0.75% |
Frequently asked questions
What is the average home price in Vermillion County, IN?
The typical home value in Vermillion County is $130,643 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Vermillion County?
About $36,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Vermillion County?
The median effective rate is 0.69% of home value a year (Census ACS 2024 5-year estimates).