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Improvement District No. 9 Banff, AB
Full City Profile · Alberta
2.8
/5.0
C+
Fair
1,004
Population
0/sq mi density
$82,896
Median Income
$50,913 per capita
$650,000
Home Value
$800
Median Rent
27.6% income on rent
31°F
Avg Temperature
290 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$82,896 median income, 5.1% unemployment
C
Affordability
2.2 / 5.0
$650,000 home value, $800/mo rent
C+
Safety
2.5 / 5.0
C+
Education
2.8 / 5.0
22.0% bachelor's degree or higher
Housing Overview
Median Home Value
$650,000
131% above
US avg: $281,900
Median Rent
$800/mo
31% below
US avg: $1,163/mo
Homeownership Rate
15.4%
76% below US avg (65.4%)
Total Housing Units
130
Ownership vs. Renting
15.4%
Owner-Occupied
84.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
27.6%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Homeownership Rate
15.4%
Complete Housing Data
Home Values
| Census Median Value | $650,000 |
Rent
| Census Median Rent | $800 |
Market
Ownership & Stock
| Owner-Occupied | 15.4% |
| Renter-Occupied | 84.6% |
| Homeownership Rate | 15.4% |
| Total Housing Units | 130 |
| Rent Burden | 27.6% |