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Springwater, ON
Full City Profile · Ontario
2.8
/5.0
C+
Fair
21,701
Population
105/sq mi density
$122,000
Median Income
$64,100 per capita
$850,000
Home Value
$1,200
Median Rent
16.3% income on rent
36°F
Avg Temperature
311 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$122,000 median income, 10.0% unemployment
C+
Affordability
2.7 / 5.0
$850,000 home value, $1,200/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.3 / 5.0
16.1% bachelor's degree or higher
Housing Overview
Median Home Value
$850,000
202% above
US avg: $281,900
Median Rent
$1,200/mo
3% above
US avg: $1,163/mo
Homeownership Rate
89.7%
37% above US avg (65.4%)
Total Housing Units
7,515
Ownership vs. Renting
89.7%
Owner-Occupied
10.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
16.3%
of renters spending 30%+ of income on housing
48% below US avg (31.0%)
Homeownership Rate
89.7%
Complete Housing Data
Home Values
| Census Median Value | $850,000 |
Rent
| Census Median Rent | $1,200 |
Market
Ownership & Stock
| Owner-Occupied | 89.7% |
| Renter-Occupied | 10.4% |
| Homeownership Rate | 89.7% |
| Total Housing Units | 7,515 |
| Rent Burden | 16.3% |