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Forestburg, AB
Full City Profile · Alberta
3.0
/5.0
B
Good
807
Population
518/sq mi density
$79,000
Median Income
$55,200 per capita
$174,000
Home Value
$1,090
Median Rent
15.1% income on rent
37°F
Avg Temperature
306 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$79,000 median income, 13.4% unemployment
A+
Affordability
5.0 / 5.0
$174,000 home value, $1,090/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.5 / 5.0
6.3% bachelor's degree or higher
Housing Overview
Median Home Value
$174,000
38% below
US avg: $281,900
Median Rent
$1,090/mo
6% below
US avg: $1,163/mo
Homeownership Rate
90.7%
39% above US avg (65.4%)
Total Housing Units
375
Ownership vs. Renting
90.7%
Owner-Occupied
9.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
15.1%
of renters spending 30%+ of income on housing
51% below US avg (31.0%)
Homeownership Rate
90.7%
Complete Housing Data
Home Values
| Census Median Value | $174,000 |
Rent
| Census Median Rent | $1,090 |
Market
Ownership & Stock
| Owner-Occupied | 90.7% |
| Renter-Occupied | 9.3% |
| Homeownership Rate | 90.7% |
| Total Housing Units | 375 |
| Rent Burden | 15.1% |