Housing Affordability in fairfield park, waverley heights, richmond west
Why These Housing Affordability Metrics Matter for Home Buying
- Tenure mix (owner vs renter) indicates whether the area is ownership- or rental-driven, affecting rental competition and resale dynamics.
- Shelter cost >= 30% measures payment stress and is a common affordability risk signal.
- Core housing need captures gaps in affordability, suitability, or adequacy, which matters for long-term neighborhood stability.
Related communities
fairfield park (766)waverley heights (90)richmond west (37)
Key Housing Affordability Insights
- Shelter-cost burden is relatively high, suggesting notable monthly payment pressure.
- Core housing need is at a relatively manageable level.
- Renter share is high, so local housing dynamics are more rental-driven.
Housing affordability summary
Owner households
53%
Owner share indicates ownership-dominant housing structure.
Renter households
47%
Renter share indicates dependence on rental market.
Shelter cost >= 30%
41%
A common affordability stress threshold.
Core housing need
11%
Share of households with insufficient affordability/suitability.
Median dwelling value (owners)
—
A baseline reference for ownership-side pricing in this area.
Tenure structure (owner vs renter)
Affordability pressure indicators
Housing affordability detail table
| Metric | Households | Share |
|---|---|---|
| Owner households | 485 | 53% |
| Renter households | 425 | 47% |
| Shelter cost >= 30% | 375 | 41% |
| Core housing need | 85 | 11% |