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Red Lake, ON
Full City Profile · Ontario
3.5
/5.0
B+
Good
4,094
Population
18/sq mi density
$111,000
Median Income
$63,750 per capita
$230,000
Home Value
$970
Median Rent
12.3% income on rent
33°F
Avg Temperature
289 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$111,000 median income, 5.1% unemployment
A+
Affordability
5.0 / 5.0
$230,000 home value, $970/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.1 / 5.0
13.7% bachelor's degree or higher
Housing Overview
Median Home Value
$230,000
18% below
US avg: $281,900
Median Rent
$970/mo
17% below
US avg: $1,163/mo
Homeownership Rate
75.1%
15% above US avg (65.4%)
Total Housing Units
1,705
Ownership vs. Renting
75.1%
Owner-Occupied
24.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
12.3%
of renters spending 30%+ of income on housing
60% below US avg (31.0%)
Homeownership Rate
75.1%
Complete Housing Data
Home Values
| Census Median Value | $230,000 |
Rent
| Census Median Rent | $970 |
Market
Ownership & Stock
| Owner-Occupied | 75.1% |
| Renter-Occupied | 24.6% |
| Homeownership Rate | 75.1% |
| Total Housing Units | 1,705 |
| Rent Burden | 12.3% |