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Oak Bay, BC
Full City Profile · British Columbia
2.7
/5.0
C+
Fair
17,990
Population
4,429/sq mi density
$107,000
Median Income
$82,100 per capita
$1,400,000
Home Value
$1,300
Median Rent
23.3% income on rent
52°F
Avg Temperature
248 sunny days/yr
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$107,000 median income, 7.0% unemployment
F
Affordability
1.0 / 5.0
$1,400,000 home value, $1,300/mo rent
C+
Safety
2.5 / 5.0
B
Education
3.2 / 5.0
27.2% bachelor's degree or higher
Housing Overview
Median Home Value
$1,400,000
397% above
US avg: $281,900
Median Rent
$1,300/mo
12% above
US avg: $1,163/mo
Homeownership Rate
74.6%
14% above US avg (65.4%)
Total Housing Units
7,805
Ownership vs. Renting
74.6%
Owner-Occupied
25.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
23.3%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Homeownership Rate
74.6%
Complete Housing Data
Home Values
| Census Median Value | $1,400,000 |
Rent
| Census Median Rent | $1,300 |
Market
Ownership & Stock
| Owner-Occupied | 74.6% |
| Renter-Occupied | 25.5% |
| Homeownership Rate | 74.6% |
| Total Housing Units | 7,805 |
| Rent Burden | 23.3% |