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Welland, ON
Full City Profile · Ontario
2.5
/5.0
C+
Fair
55,750
Population
1,779/sq mi density
$71,500
Median Income
$41,840 per capita
$500,000
Home Value
$1,020
Median Rent
21.9% income on rent
50°F
Avg Temperature
271 sunny days/yr
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$71,500 median income, 15.0% unemployment
C+
Affordability
2.7 / 5.0
$500,000 home value, $1,020/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
$500,000
77% above
US avg: $281,900
Median Rent
$1,020/mo
12% below
US avg: $1,163/mo
Homeownership Rate
69.0%
5% above US avg (65.4%)
Total Housing Units
23,655
Ownership vs. Renting
69.0%
Owner-Occupied
31.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
21.9%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Homeownership Rate
69.0%
Complete Housing Data
Home Values
| Census Median Value | $500,000 |
Rent
| Census Median Rent | $1,020 |
Market
Ownership & Stock
| Owner-Occupied | 69.0% |
| Renter-Occupied | 31.0% |
| Homeownership Rate | 69.0% |
| Total Housing Units | 23,655 |
| Rent Burden | 21.9% |