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Vermilion County, IL

RANK #265 / 1001 NAT  ·  #10 / 28 IL  ·  POP 72,386

1YR FORECAST: -0.7%

5YR OUTLOOK: +32%

#3 Most Affordable #14 Best Rental Yield #32 Most Undervalued
Our model projects above-average housing market growth for Vermilion County at -0.7% over the next year.

[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.

MARKET PROFILE

Idiosyncratic Markets

Vermilion County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +0.4% YoY, population -1.1%, wages +1.9%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
5.0x

Below national median (11.3x)

Home Prices
+0.4%

Well below national median

Climate & Terrain
-3.2

Harsh climate or flat terrain

Price/Rent
9x

Strong rental yield

Housing is fairly valued at 5.0x 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
72,386
-1.08% YoY
Median Household Income
$56,877
Median Home Value
$97,200
+0.42% 12mo
Median Rent
$838
Average Annual Pay
$55,596
+1.9% YoY
Employment
25,376
-1.4% YoY
Income-to-Home-Value
0.5852
More affordable than average
Migration Inflow
1.08%
of pop. from another state
Bachelor's Degree+
19.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$126,200
Days on Market
31
Active market
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
97.4%
Negotiation room for buyers
Sold Above List
34.5%
Listings w/ Price Drops
29.2%
Building Permits (2025)
10
Single-Family Permits
10

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

Population Growth -1.1% 1 percentile
Income Growth +4.3% 82 percentile
Vacancy Rate 1.7% 11 percentile
Home Price Change +0.4% 31 percentile
Rent Growth +4.7% 74 percentile
Price/Rent 9x 99 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

With a Boom Town Index score of 73/100, Vermilion County sits in the upper half of all 1001 ranked counties. and median household income stands at $56,877 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in IL.

Is Vermilion County affordable?

By national standards, Vermilion County is quite affordable. Homes here have a median value of $97,200, and the income-to-home-value ratio of 0.59 is well above the U.S. average — especially with median rent at just $838/month. Residents can generally buy a home without being cost-burdened.

Is Vermilion County growing or shrinking?

Both population (-1.1% YoY) and employment (-1.4%) are contracting in Vermilion County, though housing tells its own story with values moving +0.4% over the past 12 months. This is a county where the trend lines are pointing in the wrong direction.

Are many people relocating to Vermilion County?

Not particularly — 1.08% 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

Tazewell County, IL 75 LaSalle County, IL 69 Champaign County, IL 69 Macon County, IL 78 Williamson County, IL 80 Madison County, IL 65 Oconee County, SC 73 St. Joseph County, MI 73