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Elgin, NB
Full City Profile · New Brunswick
2.8
/5.0
C+
Fair
1,064
Population
5/sq mi density
$57,200
Median Income
$39,600 per capita
$150,000
Home Value
$666
Median Rent
6.5% income on rent
40°F
Avg Temperature
242 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.1 / 5.0
$57,200 median income, 12.5% unemployment
A+
Affordability
5.0 / 5.0
$150,000 home value, $666/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.4 / 5.0
5.0% bachelor's degree or higher
Housing Overview
Median Home Value
$150,000
47% below
US avg: $281,900
Median Rent
$666/mo
43% below
US avg: $1,163/mo
Homeownership Rate
94.9%
45% above US avg (65.4%)
Total Housing Units
485
Ownership vs. Renting
94.9%
Owner-Occupied
5.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
6.5%
of renters spending 30%+ of income on housing
79% below US avg (31.0%)
Homeownership Rate
94.9%
Complete Housing Data
Home Values
| Census Median Value | $150,000 |
Rent
| Census Median Rent | $666 |
Market
Ownership & Stock
| Owner-Occupied | 94.9% |
| Renter-Occupied | 5.2% |
| Homeownership Rate | 94.9% |
| Total Housing Units | 485 |
| Rent Burden | 6.5% |