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Point May, NL
Full City Profile · Newfoundland and Labrador
2.8
/5.0
C+
Fair
254
Population
10/sq mi density
$47,600
Median Income
$41,731 per capita
$50,000
Home Value
$752
Median Rent
31.5% income on rent
41°F
Avg Temperature
235 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Economy
1.6 / 5.0
$47,600 median income, 40.0% unemployment
A+
Affordability
5.0 / 5.0
$50,000 home value, $752/mo rent
C+
Safety
2.5 / 5.0
D
Education
2.0 / 5.0
0.0% bachelor's degree or higher
Housing Overview
Median Home Value
$50,000
82% below
US avg: $281,900
Median Rent
$752/mo
35% below
US avg: $1,163/mo
Homeownership Rate
91.3%
40% above US avg (65.4%)
Total Housing Units
115
Ownership vs. Renting
91.3%
Owner-Occupied
8.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
31.5%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Homeownership Rate
91.3%
Complete Housing Data
Home Values
| Census Median Value | $50,000 |
Rent
| Census Median Rent | $752 |
Market
Ownership & Stock
| Owner-Occupied | 91.3% |
| Renter-Occupied | 8.7% |
| Homeownership Rate | 91.3% |
| Total Housing Units | 115 |
| Rent Burden | 31.5% |