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Hay Lakes, AB
Full City Profile · Alberta
3.1
/5.0
B
Good
957
Population
25/sq mi density
$80,000
Median Income
$50,400 per capita
$278,000
Home Value
$1,091
Median Rent
24.2% income on rent
36°F
Avg Temperature
302 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$80,000 median income, 14.3% unemployment
A+
Affordability
4.7 / 5.0
$278,000 home value, $1,091/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.1 / 5.0
14.3% bachelor's degree or higher
Housing Overview
Median Home Value
$278,000
1% below
US avg: $281,900
Median Rent
$1,091/mo
6% below
US avg: $1,163/mo
Homeownership Rate
91.2%
39% above US avg (65.4%)
Total Housing Units
170
Ownership vs. Renting
91.2%
Owner-Occupied
8.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
24.2%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Homeownership Rate
91.2%
Complete Housing Data
Home Values
| Census Median Value | $278,000 |
Rent
| Census Median Rent | $1,091 |
Market
Ownership & Stock
| Owner-Occupied | 91.2% |
| Renter-Occupied | 8.8% |
| Homeownership Rate | 91.2% |
| Total Housing Units | 170 |
| Rent Burden | 24.2% |