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Bow Island, AB
Full City Profile · Alberta
3.1
/5.0
B
Good
2,036
Population
929/sq mi density
$76,500
Median Income
$43,000 per capita
$262,000
Home Value
$890
Median Rent
14.9% income on rent
42°F
Avg Temperature
312 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$76,500 median income, 3.4% unemployment
A+
Affordability
4.8 / 5.0
$262,000 home value, $890/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.5 / 5.0
6.0% bachelor's degree or higher
Housing Overview
Median Home Value
$262,000
7% below
US avg: $281,900
Median Rent
$890/mo
23% below
US avg: $1,163/mo
Homeownership Rate
68.9%
5% above US avg (65.4%)
Total Housing Units
675
Ownership vs. Renting
68.9%
Owner-Occupied
30.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
14.9%
of renters spending 30%+ of income on housing
52% below US avg (31.0%)
Homeownership Rate
68.9%
Complete Housing Data
Home Values
| Census Median Value | $262,000 |
Rent
| Census Median Rent | $890 |
Market
Ownership & Stock
| Owner-Occupied | 68.9% |
| Renter-Occupied | 30.4% |
| Homeownership Rate | 68.9% |
| Total Housing Units | 675 |
| Rent Burden | 14.9% |