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Neighbourhood in London

Homes for rent in North I

Name: HOMEH Market Pulse — North I, London closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

family-friendly community-oriented suburban

North I is a lively neighbourhood in London, Ontario. It offers a mix of residential options and amenities for families and individuals.

Diverse housing options available Good average school ratings Many parks and playgrounds Close to grocery stores and restaurants Strong community feel

Day to dayLivability

5.8

Schools near listings

out of 10 · averaged over 938 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$525,000

12% below London 26% below Ontario

In North I

$525,000

In London

$599,900

In Ontario

$709,900

Median monthly rent

$2,480/mo

13% above London 1% below Ontario

In North I

$2,480

In London

$2,200

In Ontario

$2,500

≈ 17.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $525,000

Houses 42 · Condos 34

For rent

Median $2,480

Houses 12 · Condos 9

Recently sold

Recently leased

Market data as of 2026-10-25. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable housing compared to city median
Good access to schools and parks
Active community with various amenities
Diverse population and cultural mix

Keep in mind

Higher rent strain for some residents
Limited public transit options

The feel of the placeLifestyle

Residents enjoy a suburban lifestyle with access to local shops and parks. The area is family-friendly and promotes community activities.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

65.8 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 65.8 km² of North I. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.6/10

Average rating of the 21 rated schools in this area

Elementary

Secondary

Orchard Park Public School
Public · Grades JK–8 · Thames Valley DSB
10.0/107.7 over 5 yrs
1st of 3,045 Ontario elementary schools
305 students · EQAO 2024-2025
Masonville Public School
Public · Grades JK–8 · Thames Valley DSB
9.2/109.0 over 5 yrs
68th of 3,045 Ontario elementary schools
755 students · EQAO 2024-2025
London Islamic
Independent · n/a
8.5/10
175th of 3,045 Ontario elementary schools
24 students
Oakridge Secondary School
Public · Grades 9–12 · Thames Valley DSB
8.0/107.5 over 5 yrs
86th of 742 Ontario secondary schools
1,045 students · EQAO 2024-2025
St Thomas Aquinas Secondary School
Catholic · Grades 9–12 · London District Catholic School Board
7.8/107.3 over 5 yrs
111th of 742 Ontario secondary schools
1,425 students · EQAO 2024-2025
St Paul Separate School
Catholic · Grades JK–8 · London District Catholic School Board
7.6/108.0 over 5 yrs
516th of 3,045 Ontario elementary schools
405 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside North I, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

93,716

Population (2021)

57.6 km²

Area

1,626

People per km²

39.7

Median age

$91,177

Median income

55%

Own their home

2.5

People per household

38,560

Households

Every age

Children (under 15)16.0%
Working age (15–64)65.1%
Seniors (65+)19.0%

What is built here

Detached houses47%
Semi-detached2.8%
Townhouses12.7%
Duplexes2.2%
Low-rise apartments7.4%
High-rise apartments27.3%

Own or rent

55%Owners

45%Renters

Across 38,560 households

When it was built

Mostly 1961–1980

1960 or earlier16%
1961–198024%
1981–199012%
1991–200012%
2001–20058%
2006–201010%
2011–20158%
2016–20219%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

27.9%
Born outside Canada: 39.8%
Hold a degree or higher: 52.9%
Employment rate: 6.1%
Commute by transit: 86.1%
Commute by car: 1.8
Children per family: $79,439
Median income after tax: $108,979
Average household income: 14.7%
Living on a low income: $1,508/mo
Renters pay, per month: $1,308/mo
Owners pay, per month: $613,067
Median home value at census: 41.6%
Renters spending 30%+ of income on housing: 12.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 111 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Through September 2026 Moderate sales history

What homes in North I actually rent for

94 homes were leased in North I over the 12 months to September 2026. Half leased above $2,450 and half below, 8.1% lower than the 12 months before. A typical home found its tenant in 32 days.

Median rent: $2,450; -8.1% year over year
Days to lease: 32; 1 day quicker
Leases closed: 94; last 12 months
Rent per square foot: $1.75/mo; from 93 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$3,400$2,917$2,433$1,950

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$3,001/mo

on a $3,000 asking rent — over ask by $1

−10%Asking rent+10%

Of the asking rent: 100.0%
Leased over asking: 12.8%

From 94 leases that closed here in the last 12 months.

Rent or buy in North I

17.9 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$524,992

146 sales

Median rent

$2,450/mo

94 leases

Gross rental yield

5.6%

before costs

Both figures come from deals that actually closed in North I over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in North I

A single median hides this: the mix of homes behind it, and what each kind costs.

94leases

Detached$2,73929.8%
Condo town$2,4506.4%
Condo apartment$2,0506.4%
Other kinds, too few of each —57.4%

How fast it moves

Median days on market, month by month. Taller means slower.

Nov 2023Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — North I, rentals

Monthly closed leases in North I
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	7	$2,750	$2,450 – $2,900	32	100.0%
Aug 2026	15	$2,250	$2,050 – $2,750	42	100.0%
Jul 2026	13	$2,400	$2,100 – $2,900	23	100.0%
Jun 2026	4	Not enough leases this month to report a median
May 2026	7	$2,800	$2,425 – $2,975	8	100.0%
Apr 2026	5	$2,200	$2,100 – $2,500	67	100.0%
Mar 2026	11	$2,450	$2,375 – $2,750	29	100.0%
Feb 2026	11	$2,425	$2,275 – $2,575	27	100.0%
Jan 2026	9	$2,300	$2,250 – $2,800	17	100.0%
Dec 2025	4	Not enough leases this month to report a median
Nov 2025	4	Not enough leases this month to report a median
Oct 2025	4	Not enough leases this month to report a median
Sep 2025	6	$2,695	$2,548 – $2,813	16	100.0%
Aug 2025	9	$2,500	$2,250 – $2,700	14	100.0%
Jul 2025	8	$2,650	$2,524 – $2,750	17	100.0%
Jun 2025	13	$2,950	$2,500 – $3,100	32	100.0%
May 2025	4	Not enough leases this month to report a median
Apr 2025	5	$2,800	$2,600 – $2,800	13	100.0%
Mar 2025	9	$2,600	$2,300 – $2,650	55	100.0%
Feb 2025	5	$2,700	$2,550 – $3,000	36	100.0%
Jan 2025	5	$2,395	$2,230 – $2,400	66	100.0%
Dec 2024	4	Not enough leases this month to report a median
Nov 2024	5	$2,600	$2,500 – $2,600	30	100.0%
Oct 2024	1	Not enough leases this month to report a median
Sep 2024	12	$2,613	$2,475 – $2,938	43	100.0%
Aug 2024	16	$2,825	$2,700 – $3,050	25	100.0%
Jul 2024	13	$2,600	$2,200 – $2,750	54	100.0%
Jun 2024	15	$2,800	$2,448 – $3,300	59	100.0%
May 2024	6	$2,350	$2,200 – $2,500	66	100.0%
Apr 2024	2	Not enough leases this month to report a median
Mar 2024	7	$2,600	$2,450 – $2,675	42	100.0%
Feb 2024	3	Not enough leases this month to report a median
Jan 2024	3	Not enough leases this month to report a median
Dec 2023	2	Not enough leases this month to report a median
Nov 2023	5	$2,650	$2,400 – $2,700	25	100.0%
Oct 2023	6	$2,500	$2,500 – $2,575	30	100.0%

11 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about North I

How much does a home cost in North I?

Homes in North I sold for a median of $524,992 over the 12 months to September 2026, across 146 closed sales — half sold for more and half for less. That is 9.6% lower than the 12 months before it.

How long does it take to sell a home in North I?

A home in North I took a median of 32 days on the market over the 12 months to September 2026. Homes there closed at 97.2% of the asking price on average, with 13.0% selling over asking.

How much is rent in North I?

The median lease in North I closed at $2,450 a month over the 12 months to September 2026, across 94 leases.

Is it cheaper to rent or buy in North I?

A home in North I costs about 17.9 years of the rent on one — the median price of $524,992 against a median rent of $2,450 a month, a gross yield of 5.60%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in North I?

Over the 12 months to September 2026 the mix in North I was detached (39.0% of sales, median $663,079), condo apartment (4.1% of sales, median $335,000) and condo town (3.4% of sales, median $416,500).

Compiled by HOMEH from leases reported closed in North I on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in North I

A condo here is 2.0× cheaper than detached houses

Half the condo apartments that changed hands in North I over the 12 months to September 2026 sold above $335,000. The neighbourhood's median across every kind of home was $524,992 — one number, two markets.

Condo apartment$335,000

Detached$663,079

Median closed prices over the 12 months to September 2026, from 146 sales in North I. Medians describe the group, never one home.

Median condo sold price: $335K; 6 closed sales
Median condo rent: $2,050/mo; 6 leases
Days to sell: 23; median, condo apartments
Share of all sales: 4%; of everything that closed here

Condo townhouses are a separate market again: 5 closed here at a median of $416,500.

18condo apartments for sale 4condo apartments for rent

At a glance