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Grand Bank, NL
Full City Profile · Newfoundland and Labrador
2.7
/5.0
C+
Fair
2,152
Population
331/sq mi density
$55,200
Median Income
$39,080 per capita
$95,000
Home Value
$670
Median Rent
9.8% 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
$55,200 median income, 17.7% unemployment
A+
Affordability
5.0 / 5.0
$95,000 home value, $670/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
$95,000
66% below
US avg: $281,900
Median Rent
$670/mo
42% below
US avg: $1,163/mo
Homeownership Rate
83.9%
28% above US avg (65.4%)
Total Housing Units
1,025
Ownership vs. Renting
83.9%
Owner-Occupied
16.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
9.8%
of renters spending 30%+ of income on housing
69% below US avg (31.0%)
Homeownership Rate
83.9%
Complete Housing Data
Home Values
| Census Median Value | $95,000 |
Rent
| Census Median Rent | $670 |
Market
Ownership & Stock
| Owner-Occupied | 83.9% |
| Renter-Occupied | 16.1% |
| Homeownership Rate | 83.9% |
| Total Housing Units | 1,025 |
| Rent Burden | 9.8% |