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Summerland, BC
Full City Profile · British Columbia
2.6
/5.0
C+
Fair
12,042
Population
421/sq mi density
$82,000
Median Income
$48,880 per capita
$650,000
Home Value
$1,270
Median Rent
19.5% income on rent
51°F
Avg Temperature
262 sunny days/yr
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$82,000 median income, 8.2% unemployment
C
Affordability
2.2 / 5.0
$650,000 home value, $1,270/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.0 / 5.0
12.9% bachelor's degree or higher
Housing Overview
Median Home Value
$650,000
131% above
US avg: $281,900
Median Rent
$1,270/mo
9% above
US avg: $1,163/mo
Homeownership Rate
82.3%
26% above US avg (65.4%)
Total Housing Units
5,085
Ownership vs. Renting
82.3%
Owner-Occupied
17.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
19.5%
of renters spending 30%+ of income on housing
37% below US avg (31.0%)
Homeownership Rate
82.3%
Complete Housing Data
Home Values
| Census Median Value | $650,000 |
Rent
| Census Median Rent | $1,270 |
Market
Ownership & Stock
| Owner-Occupied | 82.3% |
| Renter-Occupied | 17.7% |
| Homeownership Rate | 82.3% |
| Total Housing Units | 5,085 |
| Rent Burden | 19.5% |