Vermillion County, Indiana: commercial real estate data.
Vermillion County, Indiana has a population of 15,421 across 257 square miles, up 0.5 percent since the 2020 census base. County output reached $1.13 bn in 2024, 268 establishments operate here, and the SBA record carries 3 7(a) approvals worth $328,000.
114 sourced county values · tier FULL · 11 sections
Vermillion County
How many people live in Vermillion County
- Population15,421
- Households6,594
- Average household size2.34
- Median household income$60,200
- Median age42.7
- Median gross rent$750 per month
- Median owner-occupied home value$113,100
- Home value to household income1.9 times
- Annual rent as a share of median income15.0 percent
- Adults 25 and over with a bachelor degree or higher17.6 percent
- Adults 25 and over with a graduate degree5.1 percent
- Adults 25 and over10,894
- Population under 183,320
- Share under 1821.5 percent
- Population 65 and over3,091
- Share 65 and over20.0 percent
- Working age population, 18 to 649,010
- Civilian labor force6,930
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over57.3 percent
- Rank by population among Indiana counties80th of 92
- Rank by population among US county-equivalents2133rd
Vermillion County is the 80th largest of 92 Indiana counties by population. A median home costs 1.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.5 percent against 20.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Vermillion County
Is Vermillion County growing
- Population change since the 2020 census base0.53 percent
- Census 2020 base population15,434
- Births, 2024144
- Deaths, 2024198
- Natural change, 2024-54
- Net domestic migration, 2024206
- Net international migration, 20245
- Total net migration, 2024211
- Cumulative net domestic migration, 2021 to 2024382
- Rank by growth among US county-equivalents1641st
The county has grown 0.53 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Vermillion County
Where people moving to Vermillion County come from
- Tax returns filed by households arriving386
- People arriving, from those returns720
- Adjusted gross income arriving$17.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$44,096
- Largest single originVermillion County Non-migrants (6,020 households)
- Largest single destination (6,020 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Vermillion County Non-migrants | 6,020 | 12,044 | $364.9 m |
| Vigo County | 102 | 190 | $4.2 m |
| Other flows - Same State | 91 | 161 | $3.9 m |
| Other flows - Different State | 81 | 143 | $4.2 m |
| Parke County | 51 | 103 | $2.1 m |
| Other flows - South | 41 | 79 | $2.3 m |
| Other flows - Midwest | 40 | 64 | $1.9 m |
| Fountain County | 35 | 66 | $1.3 m |
The largest single source of arrivals is Vermillion County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Vermillion County
What the Vermillion County economy runs on
- County GDP, 2024$1.13 bn
- County GDP, 2023$1.18 bn
- GDP change, 2023 to 2024-4.1 percent
- GDP change over five years25.1 percent
- Rank by GDP among Indiana counties64th
- Rank by GDP among US county-equivalents1743rd
- GDP per resident$73,565
Output grew -4.1 percent in the latest year and 25.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Vermillion County
Who employs people in Vermillion County
- Covered employment, annual average4,289
- Establishments reporting294
- Average annual pay$58,444
- Average weekly wage$1,124
- Sector 31-33, employment722
- Sector 31-33, average annual pay$88,162
- Sector 23, employment673
- Sector 23, average annual pay$84,636
- Sector 44-45, employment605
- Sector 44-45, average annual pay$30,975
- Sector 22, employment130
- Sector 22, average annual pay$118,169
- Sector 42, employment84
- Sector 48-49, employment83
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 722 | 9 | $88,162 |
| Sector 23 | 673 | 38 | $84,636 |
| Sector 44-45 | 605 | 45 | $30,975 |
| Sector 22 | 130 | 7 | $118,169 |
| Sector 42 | 84 | 12 | $148,297 |
| Sector 48-49 | 83 | 12 | $62,221 |
| Sector 56 | 71 | 14 | $48,587 |
| Sector 52 | 62 | 16 | $46,738 |
The largest sector is the biggest private employer group at 722 jobs, 16.8 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Vermillion County
What businesses operate in Vermillion County
- Establishments, all industries268
- Employment at those establishments3,921
- Annual payroll$267.7 m
- Establishments per 1,000 residents17.4
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Vermillion County
What is being built in Vermillion County
- Housing units authorised by permit, 202423
- Declared construction value permitted$4.5 m
- Single family units authorised23
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$197,804
- Units authorised per 1,000 households3.5
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Vermillion County
How much SBA lending happens in Vermillion County
- 7(a) approvals recorded3
- 7(a) gross approval dollars$328,000
- Average 7(a) approval$109,333
- Median 7(a) approval$150,000
- 10th percentile approval$10,000
- 90th percentile approval$168,000
- Largest single approval$168,000
- Jobs reported supported, 7(a)10
- Jobs per approval3.3
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter2
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countAll Other Amusement and Recreation Industries (1)
- Most active lenderThe Riddell National Bank (1)
- 504 approvals recorded1
- 504 gross approval dollars$726,000
- Average 504 approval$726,000
- Median 504 approval$726,000
- Distinct CDCs active1
- 504 jobs per approval40.0
- 504 jobs per million dollars approved55.1
- Most active CDCIndiana Statewide Certified Development Corporation (1)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$1.1 m
The average approval of $109,333 sits close to the median of $150,000, so lending here is fairly evenly sized rather than driven by a few large deals. 33.3 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Vermillion County
Do SBA loans in Vermillion County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure3
Too few loans have reached a final outcome to publish a charge off rate. only 0 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Vermillion County
Which parts of Vermillion County get the lending
- Places in the county with recorded lending2
- CLINTON, approvals2
- DANA, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CLINTON | 2 | $318,000 |
| DANA | 1 | $10,000 |
CLINTON accounts for 2 approvals against 1 in DANA. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Vermillion County
How big is Vermillion County
- Land area257 sq mi
- Rank by land area among Indiana counties84th of 92
- Width, east to west9.5 mi
- Height, north to south37.3 mi
- Geographies sharing a boundary4
- Residents per square mile of land60
- Establishments per square mile1.04
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Vermillion County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Vermillion County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population15,421
- Households6,594
- Average household size2.34
- Median household income$60,200
- Median age42.7
Common questions
Vermillion County questions, answered from the record.
How many people live in Vermillion County, Indiana?
15,421, in 6,594 households, ranking 80th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Vermillion County growing?
The population has grown 0.53 percent since the 2020 census base. In 2024 there were 144 births against 198 deaths, with net migration of 211. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Vermillion County?
$60,200. The median owner-occupied home is valued at $113,100, which is 1.9 times income, and median gross rent is $750 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Vermillion County?
268 establishments, employing 3,921 people with an annual payroll of $267.7 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Vermillion County?
Average annual pay is $58,444, or $1,124 a week, across 4,289 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Vermillion County?
3 7(a) approvals totalling $328,000 since FY2020, across 3 lenders, with a median approval of $150,000, plus 1 504 approvals worth $726,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Vermillion County?
23 housing units were authorised by permit in 2024, with a declared construction value of $4.5 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Vermillion County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Vermillion County come from?
The largest single origin is Vermillion County Non-migrants, with 6,020 households. Arriving households report an average income of $44,096 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Vermillion County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Vermillion County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.