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Lacombe, AB
Full City Profile · Alberta
3.1
/5.0
B
Good
10,283
Population
10/sq mi density
$89,000
Median Income
$52,800 per capita
$340,000
Home Value
$1,210
Median Rent
19.4% income on rent
41°F
Avg Temperature
277 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$89,000 median income, 12.3% unemployment
A+
Affordability
4.5 / 5.0
$340,000 home value, $1,210/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.1 / 5.0
13.7% bachelor's degree or higher
Housing Overview
Median Home Value
$340,000
21% above
US avg: $281,900
Median Rent
$1,210/mo
4% above
US avg: $1,163/mo
Homeownership Rate
71.8%
10% above US avg (65.4%)
Total Housing Units
5,195
Ownership vs. Renting
71.8%
Owner-Occupied
28.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
19.4%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Homeownership Rate
71.8%
Complete Housing Data
Home Values
| Census Median Value | $340,000 |
Rent
| Census Median Rent | $1,210 |
Market
Ownership & Stock
| Owner-Occupied | 71.8% |
| Renter-Occupied | 28.2% |
| Homeownership Rate | 71.8% |
| Total Housing Units | 5,195 |
| Rent Burden | 19.4% |