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Vermilion County, IL

RANK #735 / 996  ·  POP 74,113  ·  IL

PROJECTED GROWTH: -0.2%

Vermilion County is losing people and economic momentum. This metro faces significant structural headwinds.

[01] Why Vermilion County?

Vermilion County, Illinois, distinguishes itself with a rich natural landscape, particularly its extensive park system. Home to Kickapoo State Recreation Area, Forest Glen Preserve, and Kennekuk Cove County Park, the county boasts numerous trails for hiking, biking, and horseback riding, along with opportunities for fishing, canoeing, and even scuba diving in former strip-mined lakes. Located in east-central Illinois, approximately 95 miles south of Chicago, Vermilion County offers a blend of rural charm and access to larger urban centers. Danville, the county seat, is the largest of its 21 incorporated communities. Life in Vermilion County is characterized by a strong sense of community, with local schools often serving as central hubs, particularly in smaller towns. The county's economy, historically rooted in agriculture and coal mining, has diversified to include manufacturing, transportation, distribution, and data centers. Recent economic development efforts focus on attracting new businesses and retaining existing ones, with broad investments flowing into energy sectors, including solar projects. Danville Area Community College and Lakeview College of Nursing provide local higher education options, while larger universities are within an hour's drive.

[02] Market Snapshot

Housing Ratio
2.1x

Undervalued relative to economy

GDP Growth
-0.3%

Contracting economy

Home Prices
-0.2%

Prices declining

Climate & Terrain
-3.2

Harsh climate or flat terrain

Price/Rent
9x

Strong rental yield

Housing looks undervalued at 2.1x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Vermilion County U.S. National

The Numbers

DEMOGRAPHICS
Population
74,113
-1.12% YoY
Median Household Income
$52,787
Median Home Value
$91,000
-0.16% 12mo
Median Rent
$769
Average Annual Pay
$54,579
+2.9% YoY
Employment
25,748
+1.1% YoY
Income-to-Home-Value
0.5801
More affordable than average
Migration Inflow
1.25%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$100,000
Days on Market
58
Moderate pace
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
96.0%
Negotiation room for buyers
Sold Above List
18.4%
Listings w/ Price Drops
19.3%
Building Permits (2024)
4
Single-Family Permits
4

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$893M
TOTAL
PROJECT AMOUNT STATUS
Musketeer Wind Energy Center
Invenergy
$450M Planned
Vermilion Wind Farm
Tri Global Energy
$255M Permitting
Tilton Solar Project
Earthrise Energy
$188M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth -0.3% 6 percentile
Population Growth -1.1% 2 percentile
Income Growth +7.6% 28 percentile
Vacancy Rate 2.1% 6 percentile
Home Price Change -0.2% 29 percentile
Rent Growth +8.0% 95 percentile
Price/Rent 9x 96 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Vermilion County, IL a good place to move to?

Vermilion County has a Boom Town Index score of 26/100, ranking #735 among 996 U.S. counties. With job growth at +1.1% and a median household income of $52,787, it faces some economic headwinds compared to faster-growing counties.

Is Vermilion County affordable?

The median home value in Vermilion County is $91,000 with median rent at $769/month. The income-to-home-value ratio is 0.5801, which is more affordable than the national average.

Is Vermilion County growing or shrinking?

Population growth: -1.1% year-over-year. Job growth: +1.1%. Home values changed -0.2% in the past 12 months.

[08] Similar Metros

Crawford County, PA 36 Mobile County, AL 36 St. Mary's County, MD 36 Hanover County, VA 36 Bernalillo County, NM 36 Fayette County, PA 36 San Luis Obispo County, CA 36 Franklin County, MA 36