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Wembley, AB
Full City Profile · Alberta
3.2
/5.0
B
Good
1,432
Population
782/sq mi density
$107,000
Median Income
$59,700 per capita
$256,000
Home Value
$1,250
Median Rent
20.9% income on rent
37°F
Avg Temperature
300 sunny days/yr
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$107,000 median income, 11.4% unemployment
A+
Affordability
5.0 / 5.0
$256,000 home value, $1,250/mo rent
C+
Safety
2.5 / 5.0
D
Education
1.6 / 5.0
6.9% bachelor's degree or higher
Housing Overview
Median Home Value
$256,000
9% below
US avg: $281,900
Median Rent
$1,250/mo
7% above
US avg: $1,163/mo
Homeownership Rate
84.6%
29% above US avg (65.4%)
Total Housing Units
550
Ownership vs. Renting
84.6%
Owner-Occupied
16.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Affordability & Housing Stock
Rent Burden
20.9%
of renters spending 30%+ of income on housing
33% below US avg (31.0%)
Homeownership Rate
84.6%
Complete Housing Data
Home Values
| Census Median Value | $256,000 |
Rent
| Census Median Rent | $1,250 |
Market
Ownership & Stock
| Owner-Occupied | 84.6% |
| Renter-Occupied | 16.4% |
| Homeownership Rate | 84.6% |
| Total Housing Units | 550 |
| Rent Burden | 20.9% |