Faraday, ON
Full City Profile · Ontario
2.6
/5.0
C+
Fair
1,612
Population
19/sq mi density
$64,000
Median Income
$42,760 per capita
$360,000
Home Value
$900
Median Rent
16.2% income on rent
40°F
Avg Temperature
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$64,000 median income, 17.8% unemployment
B+
Affordability
3.5 / 5.0
$360,000 home value, $900/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher
Housing Overview
Median Home Value
$360,000
28% above
US avg: $281,900
Median Rent
$900/mo
23% below
US avg: $1,163/mo
Homeownership Rate
90.1%
38% above US avg (65.4%)
Total Housing Units
755
Ownership vs. Renting
90.1%
Owner-Occupied
9.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
16.2%
of renters spending 30%+ of income on housing
48% below US avg (31.0%)
Homeownership Rate
90.1%
Complete Housing Data
Home Values
| Census Median Value | $360,000 |
Rent
| Census Median Rent | $900 |
Market
Ownership & Stock
| Owner-Occupied | 90.1% |
| Renter-Occupied | 9.9% |
| Homeownership Rate | 90.1% |
| Total Housing Units | 755 |
| Rent Burden | 16.2% |