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Vernon River, PE
Full City Profile · Prince Edward Island
3.1
/5.0
B
Good
2,499
Population
29/sq mi density
$83,000
Median Income
$44,720 per capita
$250,000
Home Value
$795
Median Rent
6.5% income on rent
42°F
Avg Temperature
248 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
$83,000 median income, 11.2% unemployment
A+
Affordability
5.0 / 5.0
$250,000 home value, $795/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher
Housing Overview
Median Home Value
$250,000
11% below
US avg: $281,900
Median Rent
$795/mo
32% below
US avg: $1,163/mo
Homeownership Rate
92.7%
42% above US avg (65.4%)
Total Housing Units
885
Ownership vs. Renting
92.7%
Owner-Occupied
7.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
6.5%
of renters spending 30%+ of income on housing
79% below US avg (31.0%)
Homeownership Rate
92.7%
Complete Housing Data
Home Values
| Census Median Value | $250,000 |
Rent
| Census Median Rent | $795 |
Market
Ownership & Stock
| Owner-Occupied | 92.7% |
| Renter-Occupied | 7.9% |
| Homeownership Rate | 92.7% |
| Total Housing Units | 885 |
| Rent Burden | 6.5% |