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London, ON
Full City Profile · Ontario
2.6
/5.0
C+
Fair
422,324
Population
2,601/sq mi density
$76,500
Median Income
$47,560 per capita
$548,000
Home Value
$1,130
Median Rent
24.2% income on rent
49°F
Avg Temperature
264 sunny days/yr
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$76,500 median income, 13.3% unemployment
C+
Affordability
2.6 / 5.0
$548,000 home value, $1,130/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.4 / 5.0
18.1% bachelor's degree or higher
Housing Overview
Median Home Value
$548,000
94% above
US avg: $281,900
Median Rent
$1,130/mo
3% below
US avg: $1,163/mo
Homeownership Rate
58.1%
11% below US avg (65.4%)
Total Housing Units
174,660
Ownership vs. Renting
58.1%
Owner-Occupied
41.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
24.2%
of renters spending 30%+ of income on housing
22% below US avg (31.0%)
Homeownership Rate
58.1%
Complete Housing Data
Home Values
| Census Median Value | $548,000 |
Rent
| Census Median Rent | $1,130 |
Market
Ownership & Stock
| Owner-Occupied | 58.1% |
| Renter-Occupied | 41.9% |
| Homeownership Rate | 58.1% |
| Total Housing Units | 174,660 |
| Rent Burden | 24.2% |