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Summerside, PE
Full City Profile · Prince Edward Island
2.8
/5.0
C+
Fair
16,001
Population
1,469/sq mi density
$63,200
Median Income
$39,920 per capita
$250,000
Home Value
$890
Median Rent
18.6% income on rent
45°F
Avg Temperature
214 sunny days/yr
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$63,200 median income, 10.3% unemployment
A
Affordability
4.5 / 5.0
$250,000 home value, $890/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.9 / 5.0
11.4% bachelor's degree or higher
Housing Overview
Median Home Value
$250,000
11% below
US avg: $281,900
Median Rent
$890/mo
23% below
US avg: $1,163/mo
Homeownership Rate
53.2%
19% below US avg (65.4%)
Total Housing Units
7,095
Ownership vs. Renting
53.2%
Owner-Occupied
46.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
18.6%
of renters spending 30%+ of income on housing
40% below US avg (31.0%)
Homeownership Rate
53.2%
Complete Housing Data
Home Values
| Census Median Value | $250,000 |
Rent
| Census Median Rent | $890 |
Market
Ownership & Stock
| Owner-Occupied | 53.2% |
| Renter-Occupied | 46.8% |
| Homeownership Rate | 53.2% |
| Total Housing Units | 7,095 |
| Rent Burden | 18.6% |