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Vermilion, AB
Full City Profile · Alberta
3.1
/5.0
B
Good
3,948
Population
804/sq mi density
$78,500
Median Income
$51,800 per capita
$268,000
Home Value
$1,090
Median Rent
17.9% income on rent
35°F
Avg Temperature
307 sunny days/yr
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$78,500 median income, 9.8% unemployment
A+
Affordability
4.8 / 5.0
$268,000 home value, $1,090/mo rent
C+
Safety
2.5 / 5.0
D
Education
2.0 / 5.0
12.4% bachelor's degree or higher
Housing Overview
Median Home Value
$268,000
5% below
US avg: $281,900
Median Rent
$1,090/mo
6% below
US avg: $1,163/mo
Homeownership Rate
77.1%
18% above US avg (65.4%)
Total Housing Units
1,680
Ownership vs. Renting
77.1%
Owner-Occupied
22.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
17.9%
of renters spending 30%+ of income on housing
42% below US avg (31.0%)
Homeownership Rate
77.1%
Complete Housing Data
Home Values
| Census Median Value | $268,000 |
Rent
| Census Median Rent | $1,090 |
Market
Ownership & Stock
| Owner-Occupied | 77.1% |
| Renter-Occupied | 22.9% |
| Homeownership Rate | 77.1% |
| Total Housing Units | 1,680 |
| Rent Burden | 17.9% |