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Vermilion County, IL

Danville

RANK #19 / 996 NAT  ·  #3 / 28 IL  ·  POP 74,113

1YR FORECAST: +1.1%

5YR OUTLOOK: +43%

#3 Most Affordable #5 Best for Investment #26 Most Undervalued
Our model projects Vermilion County's housing market to grow +1.1% over the next year, significantly outpacing the national average.

[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] Top Employers

  1. 1
    Vermilion County Public Schools & District 118 Education
  2. 2
    Veteran's Affairs Illiana Health Care System Healthcare
  3. 3
    McLane Midwest Company Logistics
  4. 4
    OSF HealthCare Sacred Heart Medical Center Healthcare
  5. 5
    AutoZone Retail
  6. 6
    Blue Cross Blue Shield of Illinois Finance
  7. 7
    Vermilion County Government Government
  8. 8
    thyssenkrupp Crankshaft Manufacturing
  9. 9
    Carle Physician Group Healthcare
  10. 10
    Danville Metal Stamping Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
15.6%
of residents (national avg: 33%)

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] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
13.0
per 100K · nat avg 6.3
Firearm Fatalities
22.3
per 100K · nat avg 14.8
Injury Deaths
117.5
per 100K · nat avg 76.3
vs National Average
Well above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

Vermilion County ranks #19 out of 996 U.S. counties on the Boom Town Index with a score of 98/100, putting it in the top tier nationally. Job growth of +1.1% and a median household income of $52,787 point to a county with active economic momentum.

Is Vermilion County affordable?

By national standards, Vermilion County is quite affordable. Homes here have a median value of $91,000, and the income-to-home-value ratio of 0.58 is well above the U.S. average — especially with median rent at just $769/month. Residents can generally buy a home without being cost-burdened.

Is Vermilion County growing or shrinking?

It's a mixed picture in Vermilion County. The population is declining (-1.1% YoY), but employers are actually hiring — job growth is at +1.1%. Home values moved -0.2% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are many people relocating to Vermilion County?

Not particularly — 1.25% of Vermilion County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[09] Similar Counties by Size & Score

Winnebago County, IL 98 Adams County, IL 99 Kankakee County, IL 99 Macon County, IL 97 Tazewell County, IL 97 LaSalle County, IL 96 Wilson County, NC 98 Marion County, OH 98