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Banff, AB
Full City Profile · Alberta
2.8
/5.0
C+
Fair
8,305
Population
5,268/sq mi density
$88,000
Median Income
$50,400 per capita
$725,000
Home Value
$1,500
Median Rent
26.3% income on rent
37°F
Avg Temperature
280 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$88,000 median income, 14.9% unemployment
C
Affordability
2.0 / 5.0
$725,000 home value, $1,500/mo rent
C+
Safety
2.5 / 5.0
B
Education
3.1 / 5.0
26.4% bachelor's degree or higher
Housing Overview
Median Home Value
$725,000
157% above
US avg: $281,900
Median Rent
$1,500/mo
29% above
US avg: $1,163/mo
Homeownership Rate
42.0%
36% below US avg (65.4%)
Total Housing Units
2,930
Ownership vs. Renting
42.0%
Owner-Occupied
58.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
26.3%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Homeownership Rate
42.0%
Complete Housing Data
Home Values
| Census Median Value | $725,000 |
Rent
| Census Median Rent | $1,500 |
Market
Ownership & Stock
| Owner-Occupied | 42.0% |
| Renter-Occupied | 58.0% |
| Homeownership Rate | 42.0% |
| Total Housing Units | 2,930 |
| Rent Burden | 26.3% |