Cornwall, PE
Full City Profile · Prince Edward Island
3.3
/5.0
B
Good
6,574
Population
604/sq mi density
$85,000
Median Income
$46,840 per capita
$324,000
Home Value
$1,300
Median Rent
16.9% income on rent
45°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$85,000 median income, 7.8% unemployment
A+
Affordability
4.5 / 5.0
$324,000 home value, $1,300/mo rent
C+
Safety
2.5 / 5.0
C+
Education
2.5 / 5.0
19.4% bachelor's degree or higher
Housing Overview
Median Home Value
$324,000
15% above
US avg: $281,900
Median Rent
$1,300/mo
12% above
US avg: $1,163/mo
Homeownership Rate
66.7%
2% above US avg (65.4%)
Total Housing Units
2,645
Ownership vs. Renting
66.7%
Owner-Occupied
33.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
16.9%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Homeownership Rate
66.7%
Complete Housing Data
Home Values
| Census Median Value | $324,000 |
Rent
| Census Median Rent | $1,300 |
Market
Ownership & Stock
| Owner-Occupied | 66.7% |
| Renter-Occupied | 33.1% |
| Homeownership Rate | 66.7% |
| Total Housing Units | 2,645 |
| Rent Burden | 16.9% |