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Drayton Valley, AB
Full City Profile · Alberta
3.1
/5.0
B
Good
7,291
Population
611/sq mi density
$87,000
Median Income
$55,150 per capita
$278,000
Home Value
$1,040
Median Rent
19.7% income on rent
42°F
Avg Temperature
278 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.3 / 5.0
$87,000 median income, 11.3% unemployment
A+
Affordability
4.9 / 5.0
$278,000 home value, $1,040/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.7 / 5.0
9.0% bachelor's degree or higher
Housing Overview
Median Home Value
$278,000
1% below
US avg: $281,900
Median Rent
$1,040/mo
11% below
US avg: $1,163/mo
Homeownership Rate
71.2%
9% above US avg (65.4%)
Total Housing Units
2,900
Ownership vs. Renting
71.2%
Owner-Occupied
28.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
19.7%
of renters spending 30%+ of income on housing
36% below US avg (31.0%)
Homeownership Rate
71.2%
Complete Housing Data
Home Values
| Census Median Value | $278,000 |
Rent
| Census Median Rent | $1,040 |
Market
Ownership & Stock
| Owner-Occupied | 71.2% |
| Renter-Occupied | 28.8% |
| Homeownership Rate | 71.2% |
| Total Housing Units | 2,900 |
| Rent Burden | 19.7% |