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Magnetawan, ON
Full City Profile · Ontario
2.3
/5.0
C
Fair
1,753
Population
9/sq mi density
$67,000
Median Income
$41,920 per capita
$500,000
Home Value
$650
Median Rent
15.6% income on rent
40°F
Avg Temperature
262 sunny days/yr
C
Overall
2.3 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$67,000 median income, 10.8% unemployment
C
Affordability
2.4 / 5.0
$500,000 home value, $650/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
9.9% bachelor's degree or higher
Housing Overview
Median Home Value
$500,000
77% above
US avg: $281,900
Median Rent
$650/mo
44% below
US avg: $1,163/mo
Homeownership Rate
87.3%
33% above US avg (65.4%)
Total Housing Units
825
Ownership vs. Renting
87.3%
Owner-Occupied
12.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
15.6%
of renters spending 30%+ of income on housing
50% below US avg (31.0%)
Homeownership Rate
87.3%
Complete Housing Data
Home Values
| Census Median Value | $500,000 |
Rent
| Census Median Rent | $650 |
Market
Ownership & Stock
| Owner-Occupied | 87.3% |
| Renter-Occupied | 12.7% |
| Homeownership Rate | 87.3% |
| Total Housing Units | 825 |
| Rent Burden | 15.6% |