Vermilion

Situated along Lake Erie in Lorain County, this small lakefront community of roughly 10,400 residents carries a notably high owner-occupancy rate of 80.6%, signaling stable, long-term ownership patterns. The current market shows 53 active listings with a median home price of $334,900, translating to approximately $173 per square foot. Typical homes run around 2,050 square feet, a size consistent with the family-oriented profile suggested by the area's median household income of $73,052. Vermilion Local School District serves the community's younger residents. The combination of lake access and relatively limited inventory at this price point tends to attract both primary homebuyers and those seeking recreational or second-home properties. Buyers should expect competition for well-positioned listings given the constrained supply, while the strong owner-occupancy figure generally supports price stability over time. The market reflects a community where turnover is modest and demand is driven by the area's distinctive waterfront setting.

Market description generated from current MLS and U.S. Census data.