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Magdeburg, Germany
Full City Profile
3.8
/5.0
B+
Good
235,775
Population
2,446/sq mi density
154 ft
Elevation
47 meters
52°F
Avg Temperature
11°C
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$26,200 median income, unemployment
A+
Affordability
4.8 / 5.0
$87,000 home value, $435/mo rent
Housing Overview
Median Home Value
$87,000
69% below
US avg: $281,900
Median Rent
$435/mo
63% below
US avg: $1,163/mo
Homeownership Rate
18.4%
72% below US avg (65.4%)
Total Housing Units
94,310
Ownership vs. Renting
18.4%
Owner-Occupied
81.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Complete Housing Data
Home Values
| Census Median Value | $87,000 |
Rent
| Census Median Rent | $435 |
Market
Ownership & Stock
| Owner-Occupied | 18.4% |
| Renter-Occupied | 81.6% |
| Homeownership Rate | 18.4% |
| Total Housing Units | 94,310 |