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
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-Occupied | 59.1% |
| Renter-Occupied | 40.9% |
| Homeownership Rate | 59.1% |
| Total Housing Units | 220 |
| Rent Burden | 9.1% |
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