Lerwick, United Kingdom

Full City Profile

4.2 /5.0

A Great

6,760 Population 5,541/sq mi density

45°F Avg Temperature 7°C

Overall

4.2 / 5.0

Strong

Economy

3.4 / 5.0

$59,089 median income, 4.8% unemployment

Affordability

4.3 / 5.0

$245,422 home value, $1,477/mo rent

A+

Education

5.0 / 5.0

50.0% bachelor's degree or higher

Housing Overview

Median Home Value

$245,422

13% below

US avg: $281,900

Median Rent

$1,477/mo

27% above

US avg: $1,163/mo

Homeownership Rate

65.0%

1% below US avg (65.4%)

Total Housing Units

2,704

Ownership vs. Renting

65.0%

Owner-Occupied

35.0%

Renter-Occupied

65%

35%

US avg: 65.4% owner-occupied

Complete Housing Data

Home Values

Census Median Value	$245,422

Rent

Census Median Rent	$1,477

Market

Ownership & Stock

Owner-Occupied	65.0%
Renter-Occupied	35.0%
Homeownership Rate	65.0%
Total Housing Units	2,704