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New London, PE
Full City Profile · Prince Edward Island
3.2
/5.0
B
Good
1,521
Population
42/sq mi density
$88,000
Median Income
$58,900 per capita
$320,000
Home Value
$900
Median Rent
8.1% income on rent
42°F
Avg Temperature
260 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$88,000 median income, 12.3% unemployment
A+
Affordability
4.6 / 5.0
$320,000 home value, $900/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.2 / 5.0
14.6% bachelor's degree or higher
Housing Overview
Median Home Value
$320,000
14% above
US avg: $281,900
Median Rent
$900/mo
23% below
US avg: $1,163/mo
Homeownership Rate
90.6%
38% above US avg (65.4%)
Total Housing Units
635
Ownership vs. Renting
90.6%
Owner-Occupied
9.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
8.1%
of renters spending 30%+ of income on housing
74% below US avg (31.0%)
Homeownership Rate
90.6%
Complete Housing Data
Home Values
| Census Median Value | $320,000 |
Rent
| Census Median Rent | $900 |
Market
Ownership & Stock
| Owner-Occupied | 90.6% |
| Renter-Occupied | 9.5% |
| Homeownership Rate | 90.6% |
| Total Housing Units | 635 |
| Rent Burden | 8.1% |