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Wellington, PE

Full City Profile · Prince Edward Island

3.0 /5.0
B Good
414 Population 632/sq mi density
$55,200 Median Income $39,600 per capita
$178,000 Home Value
$665 Median Rent 9.1% income on rent
42°F Avg Temperature 257 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$55,200 median income, 4.5% unemployment
A+
Affordability
4.9 / 5.0
$178,000 home value, $665/mo rent
C+
Safety
2.5 / 5.0
F
Education
1.3 / 5.0
3.7% bachelor's degree or higher

Housing Overview

Median Home Value
$178,000
37% below
US avg: $281,900
Median Rent
$665/mo
43% below
US avg: $1,163/mo
Homeownership Rate
59.1%
10% below US avg (65.4%)
Total Housing Units
220

Ownership vs. Renting

59.1%
Owner-Occupied
40.9%
Renter-Occupied
59%
41%
US avg: 65.4% owner-occupied

Affordability & Housing Stock

Rent Burden
9.1%
of renters spending 30%+ of income on housing
71% below US avg (31.0%)
Homeownership Rate
59.1%

Complete Housing Data

Home Values

Census Median Value$178,000

Rent

Census Median Rent$665

Market

Ownership & Stock

Owner-Occupied59.1%
Renter-Occupied40.9%
Homeownership Rate59.1%
Total Housing Units220
Rent Burden9.1%