Performance indicators for the Vermillion short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Vermillion.
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Generally Investor friendly
City permits STRs across most districts with no caps, but requires rental registration, biennial inspections, and building permits for any work; operating as a bed-and-breakfast also triggers a conditional use permit, creating moderate permitting, fees and inspections.
Local STR Agent
STR specialist · Vermillion, SD
Vermillion (Lakota: Waséoyuze; "The Place Where Vermilion is Obtained") is a city and the county seat of Clay County. It is in the southeastern corner of South Dakota, United States, and is the state's 12th-most populous city. According to the 2020 Census, the population was 11,695. The city lies atop a bluff near the Missouri River. The area has been home to Native American tribes for centuries. French fur traders first visited in the late 18th century. Vermillion was founded in 1859 and incorporated in 1873. The name refers to the Lakota name: wa sa wak pa'la (red stream). Home to the University of South Dakota, Vermillion has a mixed academic and rural character: the university is a major academic institution for the state, with its only law and medical schools and its only AACSB-accredited business school. Major farm products include corn, soybeans, and alfalfa.