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Medicine Hat, AB
Full City Profile · Alberta
3.0
/5.0
B
Good
63,271
Population
1,464/sq mi density
$78,000
Median Income
$51,900 per capita
$300,000
Home Value
$1,050
Median Rent
19.5% income on rent
45°F
Avg Temperature
311 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$78,000 median income, 12.0% unemployment
A+
Affordability
4.5 / 5.0
$300,000 home value, $1,050/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.9 / 5.0
10.9% bachelor's degree or higher
Housing Overview
Median Home Value
$300,000
6% above
US avg: $281,900
Median Rent
$1,050/mo
10% below
US avg: $1,163/mo
Homeownership Rate
70.9%
8% above US avg (65.4%)
Total Housing Units
27,215
Ownership vs. Renting
70.9%
Owner-Occupied
29.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
19.5%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Homeownership Rate
70.9%
Complete Housing Data
Home Values
| Census Median Value | $300,000 |
Rent
| Census Median Rent | $1,050 |
Market
Ownership & Stock
| Owner-Occupied | 70.9% |
| Renter-Occupied | 29.1% |
| Homeownership Rate | 70.9% |
| Total Housing Units | 27,215 |
| Rent Burden | 19.5% |