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Gore Bay, ON
Full City Profile · Ontario
2.8
/5.0
C+
Fair
808
Population
407/sq mi density
$65,500
Median Income
$42,400 per capita
$284,000
Home Value
$860
Median Rent
20.2% income on rent
41°F
Avg Temperature
274 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$65,500 median income, 10.9% unemployment
A
Affordability
4.2 / 5.0
$284,000 home value, $860/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.7 / 5.0
8.6% bachelor's degree or higher
Housing Overview
Median Home Value
$284,000
1% above
US avg: $281,900
Median Rent
$860/mo
26% below
US avg: $1,163/mo
Homeownership Rate
56.5%
14% below US avg (65.4%)
Total Housing Units
425
Ownership vs. Renting
56.5%
Owner-Occupied
43.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
20.2%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Homeownership Rate
56.5%
Complete Housing Data
Home Values
| Census Median Value | $284,000 |
Rent
| Census Median Rent | $860 |
Market
Ownership & Stock
| Owner-Occupied | 56.5% |
| Renter-Occupied | 43.5% |
| Homeownership Rate | 56.5% |
| Total Housing Units | 425 |
| Rent Burden | 20.2% |