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Terrace Bay, ON
Full City Profile · Ontario
3.2
/5.0
B
Good
1,528
Population
26/sq mi density
$86,000
Median Income
$51,400 per capita
$100,000
Home Value
$750
Median Rent
12.6% income on rent
36°F
Avg Temperature
278 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$86,000 median income, 9.0% unemployment
A+
Affordability
5.0 / 5.0
$100,000 home value, $750/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
$100,000
65% below
US avg: $281,900
Median Rent
$750/mo
36% below
US avg: $1,163/mo
Homeownership Rate
78.9%
21% above US avg (65.4%)
Total Housing Units
710
Ownership vs. Renting
78.9%
Owner-Occupied
21.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
12.6%
of renters spending 30%+ of income on housing
59% below US avg (31.0%)
Homeownership Rate
78.9%
Complete Housing Data
Home Values
| Census Median Value | $100,000 |
Rent
| Census Median Rent | $750 |
Market
Ownership & Stock
| Owner-Occupied | 78.9% |
| Renter-Occupied | 21.8% |
| Homeownership Rate | 78.9% |
| Total Housing Units | 710 |
| Rent Burden | 12.6% |