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Niagara-on-the-Lake, ON
Full City Profile · Ontario
2.5
/5.0
C+
Fair
19,088
Population
376/sq mi density
$98,000
Median Income
$62,200 per capita
$900,000
Home Value
$1,430
Median Rent
19.6% income on rent
52°F
Avg Temperature
246 sunny days/yr
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$98,000 median income, 15.0% unemployment
F
Affordability
1.5 / 5.0
$900,000 home value, $1,430/mo rent
C+
Safety
2.5 / 5.0
C+
Education
2.6 / 5.0
19.8% bachelor's degree or higher
Housing Overview
Median Home Value
$900,000
219% above
US avg: $281,900
Median Rent
$1,430/mo
23% above
US avg: $1,163/mo
Homeownership Rate
84.7%
29% above US avg (65.4%)
Total Housing Units
7,860
Ownership vs. Renting
84.7%
Owner-Occupied
15.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
19.6%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Homeownership Rate
84.7%
Complete Housing Data
Home Values
| Census Median Value | $900,000 |
Rent
| Census Median Rent | $1,430 |
Market
Ownership & Stock
| Owner-Occupied | 84.7% |
| Renter-Occupied | 15.3% |
| Homeownership Rate | 84.7% |
| Total Housing Units | 7,860 |
| Rent Burden | 19.6% |