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Norman Wells, NT
Full City Profile · Northwest Territories
3.5
/5.0
B+
Good
673
Population
21/sq mi density
$160,000
Median Income
$88,400 per capita
$230,000
Home Value
$1,300
Median Rent
9.4% income on rent
22°F
Avg Temperature
315 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$160,000 median income, 4.8% unemployment
A+
Affordability
5.0 / 5.0
$230,000 home value, $1,300/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.4% bachelor's degree or higher
Housing Overview
Median Home Value
$230,000
18% below
US avg: $281,900
Median Rent
$1,300/mo
12% above
US avg: $1,163/mo
Homeownership Rate
44.4%
32% below US avg (65.4%)
Total Housing Units
270
Ownership vs. Renting
44.4%
Owner-Occupied
55.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
9.4%
of renters spending 30%+ of income on housing
70% below US avg (31.0%)
Homeownership Rate
44.4%
Complete Housing Data
Home Values
| Census Median Value | $230,000 |
Rent
| Census Median Rent | $1,300 |
Market
Ownership & Stock
| Owner-Occupied | 44.4% |
| Renter-Occupied | 55.6% |
| Homeownership Rate | 44.4% |
| Total Housing Units | 270 |
| Rent Burden | 9.4% |