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Elk Point, AB
Full City Profile · Alberta
3.1
/5.0
B
Good
1,399
Population
737/sq mi density
$79,000
Median Income
$51,400 per capita
$250,000
Home Value
$960
Median Rent
20.0% income on rent
34°F
Avg Temperature
306 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$79,000 median income, 10.6% unemployment
A+
Affordability
4.9 / 5.0
$250,000 home value, $960/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.4% bachelor's degree or higher
Housing Overview
Median Home Value
$250,000
11% below
US avg: $281,900
Median Rent
$960/mo
17% below
US avg: $1,163/mo
Homeownership Rate
65.3%
0% below US avg (65.4%)
Total Housing Units
605
Ownership vs. Renting
65.3%
Owner-Occupied
35.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
20.0%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Homeownership Rate
65.3%
Complete Housing Data
Home Values
| Census Median Value | $250,000 |
Rent
| Census Median Rent | $960 |
Market
Ownership & Stock
| Owner-Occupied | 65.3% |
| Renter-Occupied | 35.5% |
| Homeownership Rate | 65.3% |
| Total Housing Units | 605 |
| Rent Burden | 20.0% |