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Newmarket, ON
Full City Profile · Ontario
2.7
/5.0
C+
Fair
87,942
Population
5,916/sq mi density
$110,000
Median Income
$54,050 per capita
$950,000
Home Value
$1,510
Median Rent
26.5% income on rent
47°F
Avg Temperature
276 sunny days/yr
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$110,000 median income, 12.3% unemployment
D
Affordability
1.8 / 5.0
$950,000 home value, $1,510/mo rent
C+
Safety
2.5 / 5.0
C+
Education
2.8 / 5.0
22.7% bachelor's degree or higher
Housing Overview
Median Home Value
$950,000
237% above
US avg: $281,900
Median Rent
$1,510/mo
30% above
US avg: $1,163/mo
Homeownership Rate
75.8%
16% above US avg (65.4%)
Total Housing Units
30,305
Ownership vs. Renting
75.8%
Owner-Occupied
24.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
26.5%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Homeownership Rate
75.8%
Complete Housing Data
Home Values
| Census Median Value | $950,000 |
Rent
| Census Median Rent | $1,510 |
Market
Ownership & Stock
| Owner-Occupied | 75.8% |
| Renter-Occupied | 24.2% |
| Homeownership Rate | 75.8% |
| Total Housing Units | 30,305 |
| Rent Burden | 26.5% |