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Forty Mile County No. 8, AB
Full City Profile · Alberta
3.3
/5.0
B
Good
3,471
Population
1/sq mi density
$91,000
Median Income
$48,000 per capita
$278,000
Home Value
$765
Median Rent
11.9% income on rent
41°F
Avg Temperature
311 sunny days/yr
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$91,000 median income, 4.2% unemployment
A+
Affordability
5.0 / 5.0
$278,000 home value, $765/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.4 / 5.0
5.3% bachelor's degree or higher
Housing Overview
Median Home Value
$278,000
1% below
US avg: $281,900
Median Rent
$765/mo
34% below
US avg: $1,163/mo
Homeownership Rate
81.4%
24% above US avg (65.4%)
Total Housing Units
860
Ownership vs. Renting
81.4%
Owner-Occupied
18.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
11.9%
of renters spending 30%+ of income on housing
62% below US avg (31.0%)
Homeownership Rate
81.4%
Complete Housing Data
Home Values
| Census Median Value | $278,000 |
Rent
| Census Median Rent | $765 |
Market
Ownership & Stock
| Owner-Occupied | 81.4% |
| Renter-Occupied | 18.6% |
| Homeownership Rate | 81.4% |
| Total Housing Units | 860 |
| Rent Burden | 11.9% |