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Cormack, NL
Full City Profile · Newfoundland and Labrador
2.9
/5.0
C+
Fair
492
Population
10/sq mi density
$63,200
Median Income
$37,000 per capita
$170,000
Home Value
$950
Median Rent
9.5% income on rent
38°F
Avg Temperature
254 sunny days/yr
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$63,200 median income, 19.0% unemployment
A+
Affordability
5.0 / 5.0
$170,000 home value, $950/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.6 / 5.0
7.4% bachelor's degree or higher
Housing Overview
Median Home Value
$170,000
40% below
US avg: $281,900
Median Rent
$950/mo
18% below
US avg: $1,163/mo
Homeownership Rate
79.1%
21% above US avg (65.4%)
Total Housing Units
215
Ownership vs. Renting
79.1%
Owner-Occupied
18.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
9.5%
of renters spending 30%+ of income on housing
69% below US avg (31.0%)
Homeownership Rate
79.1%
Complete Housing Data
Home Values
| Census Median Value | $170,000 |
Rent
| Census Median Rent | $950 |
Market
Ownership & Stock
| Owner-Occupied | 79.1% |
| Renter-Occupied | 18.6% |
| Homeownership Rate | 79.1% |
| Total Housing Units | 215 |
| Rent Burden | 9.5% |