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Fortune, NL
Full City Profile · Newfoundland and Labrador
2.7
/5.0
C+
Fair
1,285
Population
61/sq mi density
$56,400
Median Income
$37,200 per capita
$85,000
Home Value
$580
Median Rent
6.5% income on rent
42°F
Avg Temperature
234 sunny days/yr
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.1 / 5.0
$56,400 median income, 21.6% unemployment
A+
Affordability
5.0 / 5.0
$85,000 home value, $580/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.3 / 5.0
3.5% bachelor's degree or higher
Housing Overview
Median Home Value
$85,000
70% below
US avg: $281,900
Median Rent
$580/mo
50% below
US avg: $1,163/mo
Homeownership Rate
81.5%
25% above US avg (65.4%)
Total Housing Units
620
Ownership vs. Renting
81.5%
Owner-Occupied
17.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
6.5%
of renters spending 30%+ of income on housing
79% below US avg (31.0%)
Homeownership Rate
81.5%
Complete Housing Data
Home Values
| Census Median Value | $85,000 |
Rent
| Census Median Rent | $580 |
Market
Ownership & Stock
| Owner-Occupied | 81.5% |
| Renter-Occupied | 17.7% |
| Homeownership Rate | 81.5% |
| Total Housing Units | 620 |
| Rent Burden | 6.5% |