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Magrath, AB
Full City Profile · Alberta
3.3
/5.0
B
Good
2,481
Population
1,093/sq mi density
$88,000
Median Income
$49,480 per capita
$300,000
Home Value
$1,090
Median Rent
16.0% income on rent
42°F
Avg Temperature
306 sunny days/yr
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$88,000 median income, 8.7% unemployment
A+
Affordability
4.8 / 5.0
$300,000 home value, $1,090/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.3 / 5.0
15.7% bachelor's degree or higher
Housing Overview
Median Home Value
$300,000
6% above
US avg: $281,900
Median Rent
$1,090/mo
6% below
US avg: $1,163/mo
Homeownership Rate
77.9%
19% above US avg (65.4%)
Total Housing Units
815
Ownership vs. Renting
77.9%
Owner-Occupied
22.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
16.0%
of renters spending 30%+ of income on housing
49% below US avg (31.0%)
Homeownership Rate
77.9%
Complete Housing Data
Home Values
| Census Median Value | $300,000 |
Rent
| Census Median Rent | $1,090 |
Market
Ownership & Stock
| Owner-Occupied | 77.9% |
| Renter-Occupied | 22.1% |
| Homeownership Rate | 77.9% |
| Total Housing Units | 815 |
| Rent Burden | 16.0% |