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Inverness, NS
Full City Profile · Nova Scotia
3.0
/5.0
B
Good
1,228
Population
2/sq mi density
$65,000
Median Income
$41,960 per capita
$174,000
Home Value
$645
Median Rent
8.1% income on rent
41°F
Avg Temperature
241 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$65,000 median income, 21.4% unemployment
A+
Affordability
5.0 / 5.0
$174,000 home value, $645/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.9 / 5.0
11.5% bachelor's degree or higher
Housing Overview
Median Home Value
$174,000
38% below
US avg: $281,900
Median Rent
$645/mo
45% below
US avg: $1,163/mo
Homeownership Rate
84.8%
30% above US avg (65.4%)
Total Housing Units
2,395
Ownership vs. Renting
84.8%
Owner-Occupied
15.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
8.1%
of renters spending 30%+ of income on housing
74% below US avg (31.0%)
Homeownership Rate
84.8%
Complete Housing Data
Home Values
| Census Median Value | $174,000 |
Rent
| Census Median Rent | $645 |
Market
Ownership & Stock
| Owner-Occupied | 84.8% |
| Renter-Occupied | 15.5% |
| Homeownership Rate | 84.8% |
| Total Housing Units | 2,395 |
| Rent Burden | 8.1% |