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Newell County, AB
Full City Profile · Alberta
3.1
/5.0
B
Good
7,465
Population
3/sq mi density
$92,000
Median Income
$57,500 per capita
$348,000
Home Value
$1,090
Median Rent
15.9% income on rent
40°F
Avg Temperature
312 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$92,000 median income, 7.1% unemployment
A+
Affordability
4.6 / 5.0
$348,000 home value, $1,090/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.6 / 5.0
7.0% bachelor's degree or higher
Housing Overview
Median Home Value
$348,000
23% above
US avg: $281,900
Median Rent
$1,090/mo
6% below
US avg: $1,163/mo
Homeownership Rate
84.2%
29% above US avg (65.4%)
Total Housing Units
2,405
Ownership vs. Renting
84.2%
Owner-Occupied
15.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
15.9%
of renters spending 30%+ of income on housing
49% below US avg (31.0%)
Homeownership Rate
84.2%
Complete Housing Data
Home Values
| Census Median Value | $348,000 |
Rent
| Census Median Rent | $1,090 |
Market
Ownership & Stock
| Owner-Occupied | 84.2% |
| Renter-Occupied | 15.6% |
| Homeownership Rate | 84.2% |
| Total Housing Units | 2,405 |
| Rent Burden | 15.9% |