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Essex, ON
Full City Profile · Ontario
3.0
/5.0
B
Good
21,216
Population
198/sq mi density
$87,000
Median Income
$49,840 per capita
$400,000
Home Value
$960
Median Rent
12.1% income on rent
52°F
Avg Temperature
251 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$87,000 median income, 12.5% unemployment
A
Affordability
4.1 / 5.0
$400,000 home value, $960/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.9 / 5.0
10.7% bachelor's degree or higher
Housing Overview
Median Home Value
$400,000
42% above
US avg: $281,900
Median Rent
$960/mo
17% below
US avg: $1,163/mo
Homeownership Rate
85.4%
31% above US avg (65.4%)
Total Housing Units
8,390
Ownership vs. Renting
85.4%
Owner-Occupied
14.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
12.1%
of renters spending 30%+ of income on housing
61% below US avg (31.0%)
Homeownership Rate
85.4%
Complete Housing Data
Home Values
| Census Median Value | $400,000 |
Rent
| Census Median Rent | $960 |
Market
Ownership & Stock
| Owner-Occupied | 85.4% |
| Renter-Occupied | 14.6% |
| Homeownership Rate | 85.4% |
| Total Housing Units | 8,390 |
| Rent Burden | 12.1% |