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Island Lake, AB
Full City Profile · Alberta
3.0
/5.0
B
Good
174
Population
291/sq mi density
$82,896
Median Income
$50,913 per capita
$360,000
Home Value
$1,091
Median Rent
27.6% income on rent
35°F
Avg Temperature
300 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$82,896 median income, 14.3% unemployment
A
Affordability
4.2 / 5.0
$360,000 home value, $1,091/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.2 / 5.0
0.0% bachelor's degree or higher
Housing Overview
Median Home Value
$360,000
28% above
US avg: $281,900
Median Rent
$1,091/mo
6% below
US avg: $1,163/mo
Homeownership Rate
93.8%
43% above US avg (65.4%)
Total Housing Units
80
Ownership vs. Renting
93.8%
Owner-Occupied
6.3%
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
93.8%
Complete Housing Data
Home Values
| Census Median Value | $360,000 |
Rent
| Census Median Rent | $1,091 |
Market
Ownership & Stock
| Owner-Occupied | 93.8% |
| Renter-Occupied | 6.3% |
| Homeownership Rate | 93.8% |
| Total Housing Units | 80 |
| Rent Burden | 27.6% |