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Terrace, BC
Full City Profile · British Columbia
3.1
/5.0
B
Good
12,017
Population
543/sq mi density
$90,000
Median Income
$52,400 per capita
$420,000
Home Value
$1,000
Median Rent
15.1% income on rent
47°F
Avg Temperature
188 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$90,000 median income, 6.5% unemployment
A
Affordability
4.0 / 5.0
$420,000 home value, $1,000/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.1 / 5.0
13.7% bachelor's degree or higher
Housing Overview
Median Home Value
$420,000
49% above
US avg: $281,900
Median Rent
$1,000/mo
14% below
US avg: $1,163/mo
Homeownership Rate
70.1%
7% above US avg (65.4%)
Total Housing Units
4,875
Ownership vs. Renting
70.1%
Owner-Occupied
29.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
15.1%
of renters spending 30%+ of income on housing
51% below US avg (31.0%)
Homeownership Rate
70.1%
Complete Housing Data
Home Values
| Census Median Value | $420,000 |
Rent
| Census Median Rent | $1,000 |
Market
Ownership & Stock
| Owner-Occupied | 70.1% |
| Renter-Occupied | 29.9% |
| Homeownership Rate | 70.1% |
| Total Housing Units | 4,875 |
| Rent Burden | 15.1% |