Paradise, NL
Full City Profile · Newfoundland and Labrador
3.5
/5.0
B+
Good
22,957
Population
2,004/sq mi density
$111,000
Median Income
$63,550 per capita
$348,000
Home Value
$1,020
Median Rent
16.4% income on rent
43°F
Avg Temperature
165 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$111,000 median income, 8.5% unemployment
A+
Affordability
4.9 / 5.0
$348,000 home value, $1,020/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.4 / 5.0
17.3% bachelor's degree or higher
Housing Overview
Median Home Value
$348,000
23% above
US avg: $281,900
Median Rent
$1,020/mo
12% below
US avg: $1,163/mo
Homeownership Rate
78.3%
20% above US avg (65.4%)
Total Housing Units
8,815
Ownership vs. Renting
78.3%
Owner-Occupied
21.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
16.4%
of renters spending 30%+ of income on housing
47% below US avg (31.0%)
Homeownership Rate
78.3%
Complete Housing Data
Home Values
| Census Median Value | $348,000 |
Rent
| Census Median Rent | $1,020 |
Market
Ownership & Stock
| Owner-Occupied | 78.3% |
| Renter-Occupied | 21.7% |
| Homeownership Rate | 78.3% |
| Total Housing Units | 8,815 |
| Rent Burden | 16.4% |
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