Wellesley, ON
Full City Profile · Ontario
2.9
/5.0
C+
Fair
11,318
Population
106/sq mi density
$119,000
Median Income
$57,650 per capita
$800,000
Home Value
$960
Median Rent
11.0% income on rent
48°F
Avg Temperature
231 sunny days/yr
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$119,000 median income, 3.9% unemployment
C+
Affordability
2.9 / 5.0
$800,000 home value, $960/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.8 / 5.0
9.8% bachelor's degree or higher
Housing Overview
Median Home Value
$800,000
184% above
US avg: $281,900
Median Rent
$960/mo
17% below
US avg: $1,163/mo
Homeownership Rate
86.9%
33% above US avg (65.4%)
Total Housing Units
3,365
Ownership vs. Renting
86.9%
Owner-Occupied
13.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
11.0%
of renters spending 30%+ of income on housing
65% below US avg (31.0%)
Homeownership Rate
86.9%
Complete Housing Data
Home Values
| Census Median Value | $800,000 |
Rent
| Census Median Rent | $960 |
Market
Ownership & Stock
| Owner-Occupied | 86.9% |
| Renter-Occupied | 13.1% |
| Homeownership Rate | 86.9% |
| Total Housing Units | 3,365 |
| Rent Burden | 11.0% |
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