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Spring Lake, AB
Full City Profile · Alberta
3.2
/5.0
B
Good
711
Population
809/sq mi density
$122,000
Median Income
$71,600 per capita
$500,000
Home Value
$1,320
Median Rent
10.5% income on rent
37°F
Avg Temperature
301 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$122,000 median income, 8.5% unemployment
A
Affordability
4.4 / 5.0
$500,000 home value, $1,320/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.5% bachelor's degree or higher
Housing Overview
Median Home Value
$500,000
77% above
US avg: $281,900
Median Rent
$1,320/mo
13% above
US avg: $1,163/mo
Homeownership Rate
87.7%
34% above US avg (65.4%)
Total Housing Units
285
Ownership vs. Renting
87.7%
Owner-Occupied
10.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
10.5%
of renters spending 30%+ of income on housing
66% below US avg (31.0%)
Homeownership Rate
87.7%
Complete Housing Data
Home Values
| Census Median Value | $500,000 |
Rent
| Census Median Rent | $1,320 |
Market
Ownership & Stock
| Owner-Occupied | 87.7% |
| Renter-Occupied | 10.5% |
| Homeownership Rate | 87.7% |
| Total Housing Units | 285 |
| Rent Burden | 10.5% |