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Rainbow Lake, AB
Full City Profile · Alberta
3.5
/5.0
B+
Good
495
Population
119/sq mi density
$168,000
Median Income
$91,600 per capita
$70,000
Home Value
$970
Median Rent
0.0% income on rent
31°F
Avg Temperature
307 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$168,000 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$70,000 home value, $970/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.7 / 5.0
8.8% bachelor's degree or higher
Housing Overview
Median Home Value
$70,000
75% below
US avg: $281,900
Median Rent
$970/mo
17% below
US avg: $1,163/mo
Homeownership Rate
26.8%
59% below US avg (65.4%)
Total Housing Units
205
Ownership vs. Renting
26.8%
Owner-Occupied
70.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
0.0%
of renters spending 30%+ of income on housing
100% below US avg (31.0%)
Homeownership Rate
26.8%
Complete Housing Data
Home Values
| Census Median Value | $70,000 |
Rent
| Census Median Rent | $970 |
Market
Ownership & Stock
| Owner-Occupied | 26.8% |
| Renter-Occupied | 70.7% |
| Homeownership Rate | 26.8% |
| Total Housing Units | 205 |
| Rent Burden | 0.0% |