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Torbay, NL
Full City Profile · Newfoundland and Labrador
3.4
/5.0
B
Good
7,852
Population
583/sq mi density
$108,000
Median Income
$63,550 per capita
$348,000
Home Value
$950
Median Rent
14.1% income on rent
44°F
Avg Temperature
160 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$108,000 median income, 9.7% unemployment
A+
Affordability
4.9 / 5.0
$348,000 home value, $950/mo rent
C+
Safety
2.5 / 5.0
C
Education
2.3 / 5.0
16.2% bachelor's degree or higher
Housing Overview
Median Home Value
$348,000
23% above
US avg: $281,900
Median Rent
$950/mo
18% below
US avg: $1,163/mo
Homeownership Rate
82.4%
26% above US avg (65.4%)
Total Housing Units
2,985
Ownership vs. Renting
82.4%
Owner-Occupied
17.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
14.1%
of renters spending 30%+ of income on housing
54% below US avg (31.0%)
Homeownership Rate
82.4%
Complete Housing Data
Home Values
| Census Median Value | $348,000 |
Rent
| Census Median Rent | $950 |
Market
Ownership & Stock
| Owner-Occupied | 82.4% |
| Renter-Occupied | 17.6% |
| Homeownership Rate | 82.4% |
| Total Housing Units | 2,985 |
| Rent Burden | 14.1% |