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Cranbrook, BC
Full City Profile · British Columbia
3.0
/5.0
B
Good
20,499
Population
1,661/sq mi density
$80,000
Median Income
$49,640 per capita
$380,000
Home Value
$980
Median Rent
15.2% income on rent
45°F
Avg Temperature
301 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$80,000 median income, 7.4% unemployment
A
Affordability
4.0 / 5.0
$380,000 home value, $980/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
9.9% bachelor's degree or higher
Housing Overview
Median Home Value
$380,000
35% above
US avg: $281,900
Median Rent
$980/mo
16% below
US avg: $1,163/mo
Homeownership Rate
73.6%
13% above US avg (65.4%)
Total Housing Units
8,780
Ownership vs. Renting
73.6%
Owner-Occupied
26.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
15.2%
of renters spending 30%+ of income on housing
51% below US avg (31.0%)
Homeownership Rate
73.6%
Complete Housing Data
Home Values
| Census Median Value | $380,000 |
Rent
| Census Median Rent | $980 |
Market
Ownership & Stock
| Owner-Occupied | 73.6% |
| Renter-Occupied | 26.5% |
| Homeownership Rate | 73.6% |
| Total Housing Units | 8,780 |
| Rent Burden | 15.2% |