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Elliot Lake, ON
Full City Profile · Ontario
2.8
/5.0
C+
Fair
11,372
Population
42/sq mi density
$50,000
Median Income
$36,920 per capita
$150,000
Home Value
$800
Median Rent
19.9% income on rent
43°F
Avg Temperature
241 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
$50,000 median income, 16.5% unemployment
A+
Affordability
5.0 / 5.0
$150,000 home value, $800/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.6 / 5.0
7.7% bachelor's degree or higher
Housing Overview
Median Home Value
$150,000
47% below
US avg: $281,900
Median Rent
$800/mo
31% below
US avg: $1,163/mo
Homeownership Rate
60.8%
7% below US avg (65.4%)
Total Housing Units
5,835
Ownership vs. Renting
60.8%
Owner-Occupied
39.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
19.9%
of renters spending 30%+ of income on housing
36% below US avg (31.0%)
Homeownership Rate
60.8%
Complete Housing Data
Home Values
| Census Median Value | $150,000 |
Rent
| Census Median Rent | $800 |
Market
Ownership & Stock
| Owner-Occupied | 60.8% |
| Renter-Occupied | 39.3% |
| Homeownership Rate | 60.8% |
| Total Housing Units | 5,835 |
| Rent Burden | 19.9% |