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Melancthon, ON
Full City Profile · Ontario
2.5
/5.0
C+
Fair
3,132
Population
26/sq mi density
$100,000
Median Income
$51,040 per capita
$800,000
Home Value
$1,320
Median Rent
23.5% income on rent
41°F
Avg Temperature
267 sunny days/yr
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$100,000 median income, 7.8% unemployment
C
Affordability
2.1 / 5.0
$800,000 home value, $1,320/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.5 / 5.0
6.3% bachelor's degree or higher
Housing Overview
Median Home Value
$800,000
184% above
US avg: $281,900
Median Rent
$1,320/mo
13% above
US avg: $1,163/mo
Homeownership Rate
85.0%
30% above US avg (65.4%)
Total Housing Units
1,035
Ownership vs. Renting
85.0%
Owner-Occupied
14.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
23.5%
of renters spending 30%+ of income on housing
24% below US avg (31.0%)
Homeownership Rate
85.0%
Complete Housing Data
Home Values
| Census Median Value | $800,000 |
Rent
| Census Median Rent | $1,320 |
Market
Ownership & Stock
| Owner-Occupied | 85.0% |
| Renter-Occupied | 14.5% |
| Homeownership Rate | 85.0% |
| Total Housing Units | 1,035 |
| Rent Burden | 23.5% |