A recent study of housing trends in the City of Vermillion examined the demographics of the City and Clay County and noted that over the past three decades, the City has demonstrated a consistent pattern of growth, adding households in each decade.

The 2020 Census established a new benchmark to measure the rate of recent growth. Between 2010 and 2020, the City had average growth of 42 households per year. This rate of average numeric growth has been increasing. From 2000 to 2010, this average was 37 households per year. In the 1990s the City added approximately 17 households per year.

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