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Severn, ON
Full City Profile · Ontario
2.7
/5.0
C+
Fair
14,576
Population
72/sq mi density
$94,000
Median Income
$51,000 per capita
$650,000
Home Value
$980
Median Rent
13.4% income on rent
43°F
Avg Temperature
262 sunny days/yr
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$94,000 median income, 10.5% unemployment
C+
Affordability
2.8 / 5.0
$650,000 home value, $980/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.9 / 5.0
11.1% bachelor's degree or higher
Housing Overview
Median Home Value
$650,000
131% above
US avg: $281,900
Median Rent
$980/mo
16% below
US avg: $1,163/mo
Homeownership Rate
89.9%
37% above US avg (65.4%)
Total Housing Units
5,805
Ownership vs. Renting
89.9%
Owner-Occupied
10.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
13.4%
of renters spending 30%+ of income on housing
57% below US avg (31.0%)
Homeownership Rate
89.9%
Complete Housing Data
Home Values
| Census Median Value | $650,000 |
Rent
| Census Median Rent | $980 |
Market
Ownership & Stock
| Owner-Occupied | 89.9% |
| Renter-Occupied | 10.1% |
| Homeownership Rate | 89.9% |
| Total Housing Units | 5,805 |
| Rent Burden | 13.4% |