Thunder Bay, ON Housing Statistics

A+

1%

Med. Home Val. NAT. AVG.

42%

Rent NAT. AVG.

2%

Owner Occ. NAT. AVG.

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Thunder Bay Housing Information

Index	Thunder Bay	Ontario	National
Median home price	$661,222	$821,624	$665,961
Median rent asked	$1,236	$2,456	$2,146
Avg. people per household	2.2	2.6	2.5
Owner occupied households	69.3%	69.3%	67.6%
Renter occupied households	30.7%	30.5%	32.0%

Housing Quick Facts

The median home price in Thunder Bay is 1% lower than the national average.
The median rent asked in Thunder Bay is 42% lower than the national average.
The average number of people per household in Thunder Bay is 12% lower than the national average.
The number of owner occupied households in Thunder Bay is 2% higher than the national average.
The number of renter occupied households in Thunder Bay is 4% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Fort William 52, ON	1,071	$684,359	3%
Oliver Paipoonge, ON	6,433	$714,463	7%
Thunder Bay, ON	111,499	$661,222	1%

Cities with similar population

	Population	Home Price	National Avg.
Delta, BC	112,691	$720,313	8%
St. John's, NL	109,566	$545,440	18%
Red Deer, AB	107,873	$379,301	43%
Strathcona County, AB	106,316	$424,848	36%
Chatham-Kent, ON	105,414	$681,362	2%
Thunder Bay, ON	111,499	$661,222	1%

Source: The Thunder Bay, ON housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.