HousingHandbookReference data

U.S. ZIP Code · IL61832

Vermilion County

Typical home value

$63,247[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-8.1%
5-year / yr
+1.0%
10-year / yr
+1.1%

Relative price

vs U.S.
-77.7%
vs metro
vs state
-66.9%
ZIP 61832 location in IL
Location of ZIP 61832 in IL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 61832 is worth $63,247. Over the past year, values have fallen 8.1%. Homes here rent for a typical $854 a month — a 16.2% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$854[2]
Gross yield
16.2%[2]
Cap rate
9.7%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.6%[3]
Typical annual tax
$1,000[3]

#Climate risk

FEMA National Risk Index ratings for Vermilion County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively High

#Who lives here

Population
32,450[3]
Median household income
$47,332[3]

#Migration

Household moves in and out of Vermilion County over a year, from IRS tax-return data.

Net migration
-102[5]
Moved in
1,149
Moved out
1,251

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
10
Elementary
4
Middle
2
High
4
  • Danville High School

    High · Grades 9–12 · Danville CCSD 118

    1,214 students

  • North Ridge Middle School

    Middle · Grades 7–8 · Danville CCSD 118

    697 students

  • South View Upper Elem School

    Middle · Grades 5–6 · Danville CCSD 118

    635 students

  • Mark Denman Elementary School

    Elementary · Grades K–4 · Danville CCSD 118

    583 students

  • Liberty Elem School

    Elementary · Grades K–4 · Danville CCSD 118

    361 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield16.2%
Net yield (after ~40% expenses)9.7%
Annual rent$10,247

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$320
Loan principal$50,598
Down payment$12,649
Total interest paid$64,535

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio0.53
Monthly cost to own$456
Monthly rent$854

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 61832?
The typical home in 61832 is worth $63,247, based on the Zillow Home Value Index.
Are home values rising in 61832?
Home values in 61832 are down 8.1% over the past year, and up 1.0% a year over five years.
What is the typical rent in 61832?
A typical home in 61832 rents for about $854 a month, a gross rental yield of 16.2%.
What is the property tax rate in 61832?
The effective property tax rate in 61832 is 1.6% — roughly $1,000 a year on a typical home.
Who lives in 61832?
ZIP code 61832 has a population of 32,450 and a median household income of $47,332.

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