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Redwater, AB
Full City Profile · Alberta
3.0
/5.0
B
Good
2,115
Population
275/sq mi density
$78,500
Median Income
$54,400 per capita
$266,000
Home Value
$1,200
Median Rent
24.4% income on rent
36°F
Avg Temperature
303 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.0 / 5.0
$78,500 median income, 16.4% unemployment
A+
Affordability
4.8 / 5.0
$266,000 home value, $1,200/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.6 / 5.0
8.0% bachelor's degree or higher
Housing Overview
Median Home Value
$266,000
6% below
US avg: $281,900
Median Rent
$1,200/mo
3% above
US avg: $1,163/mo
Homeownership Rate
67.8%
4% above US avg (65.4%)
Total Housing Units
870
Ownership vs. Renting
67.8%
Owner-Occupied
32.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
24.4%
of renters spending 30%+ of income on housing
21% below US avg (31.0%)
Homeownership Rate
67.8%
Complete Housing Data
Home Values
| Census Median Value | $266,000 |
Rent
| Census Median Rent | $1,200 |
Market
Ownership & Stock
| Owner-Occupied | 67.8% |
| Renter-Occupied | 32.2% |
| Homeownership Rate | 67.8% |
| Total Housing Units | 870 |
| Rent Burden | 24.4% |