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Neighbourhood in London

Homes for rent in South U

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

family-friendly community-oriented quiet suburban

South U is a residential neighbourhood in London, Ontario. It has a mix of families and working-age residents, making it a lively place to live.

Close to schools and parks Majority of homes are single-detached Diverse community with many immigrants High ownership rate at 83.8% Median income is above average

South U, London — HOMEH neighbourhood guide

London, Ontario

Day to dayLivability

5.7

Schools near listings

out of 10 · averaged over 929 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

$724,900

21% above London 2% above Ontario

In South U

$724,900

In London

$599,900

In Ontario

$709,900

Median monthly rent

$2,700/mo

23% above London 8% above Ontario

In South U

$2,700

In London

$2,200

In Ontario

$2,500

$400

Per square foot

≈ 22.4 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

109

Median $724,900

Houses 79 · Condos 30

For rent

Median $2,700

Houses 17 · Condos 6

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

Family-friendly environment
Good school ratings
Many parks and playgrounds
Strong community feel
Affordable compared to city median

Keep in mind

Limited public transit options
Few restaurants and cafes
Higher home prices than city median

The feel of the placeLifestyle

Daily life in South U is centered around family activities and community events. Residents enjoy access to parks and schools.

Great for families first-time buyers working professionals

Within the boundaryWhat's nearby

The boundary

31.6 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

Restaurants

Counted across all 31.6 km² of South U. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

5.9/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

École secondaire Gabriel-Dumont
Public · French · Grades 9–12 · Conseil scolaire Viamonde
7.2/106.7 over 5 yrs
178th of 742 Ontario secondary schools
300 students · EQAO 2024-2025
Summerside Public School Public School
Public · Grades JK–8 · Thames Valley DSB
5.6/10
1,868th of 3,045 Ontario elementary schools
745 students · EQAO 2024-2025
École élémentaire catholique Saint-Jean-de-Brébeuf
Independent · French · Grades JK–6 · CSC Providence
4.9/105.6 over 5 yrs
2,233rd of 3,045 Ontario elementary schools
490 students · EQAO 2024-2025
Jackson Meadows Public School
Public · Grades JK–8 · Thames Valley DSB
Not rated
École élémentaire catholique Saint-Jean-de-Brébeuf
Independent · French · CSC Providence
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside South U, 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

11,576

Population (2021)

47.7 km²

Area

243

People per km²

37.4

Median age

$104,873

Median income

84%

Own their home

People per household

3,910

Households

Every age

Children (under 15)21.2%
Working age (15–64)66.5%
Seniors (65+)12.4%

What is built here

Detached houses76.8%
Semi-detached2%
Townhouses15.6%
Low-rise apartments2.7%
High-rise apartments1.7%

Own or rent

84%Owners

16%Renters

Across 3,910 households

When it was built

Mostly 1991–2000

1960 or earlier7%
1961–19805%
1981–19907%
1991–200023%
2001–200518%
2006–201013%
2011–20158%
2016–202120%

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.

30.9%
Born outside Canada: 22.7%
Hold a degree or higher: 61%
Employment rate: 1%
Commute by transit: 95.3%
Commute by car: 1.9
Children per family: $91,864
Median income after tax: $111,147
Average household income: 6.8%
Living on a low income: $1,996/mo
Renters pay, per month: $1,673/mo
Owners pay, per month: $602,553
Median home value at census: 25%
Renters spending 30%+ of income on housing: 16.6%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 11 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, Photo: © Mapbox © OpenStreetMap

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in South U actually rent for

103 homes were leased in South U over the 12 months to September 2026. Half leased above $2,541 and half below, 5.9% lower than the 12 months before. A typical home found its tenant in 31 days — 2 days slower than a year ago.

Median rent: $2,541; -5.9% year over year
Days to lease: 31; 2 days slower
Leases closed: 103; last 12 months
Rent per square foot: $1.43/mo; from 99 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.

$3,425$2,762$2,100$1,438

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,984/mo

on a $3,000 asking rent — under ask by $16

−10%Asking rent+10%

Of the asking rent: 99.5%
Leased over asking: 6.8%

From 103 leases that closed here in the last 12 months.

Rent or buy in South U

20.5 years

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

Median sold price

$625,549

135 sales

Median rent

$2,541/mo

103 leases

Gross rental yield

4.87%

before costs

Both figures come from deals that actually closed in South U 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 South U

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

103leases

Detached$2,63426.2%
Other kinds, too few of each —73.8%

How fast it moves

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

Apr 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — South U, rentals

Monthly closed leases in South U
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	7	$2,450	$1,800 – $2,750	32	100.0%
Aug 2026	13	$2,500	$2,425 – $2,600	26	100.0%
Jul 2026	11	$2,695	$2,500 – $2,725	38	100.0%
Jun 2026	8	$2,600	$2,475 – $2,763	20	98.1%
May 2026	8	$2,650	$2,475 – $2,800	19	100.0%
Apr 2026	3	Not enough leases this month to report a median
Mar 2026	12	$2,500	$2,450 – $2,575	28	99.0%
Feb 2026	4	Not enough leases this month to report a median
Jan 2026	8	$2,445	$2,338 – $2,588	56	100.0%
Dec 2025	10	$2,500	$2,425 – $2,675	26	100.0%
Nov 2025	10	$2,388	$2,219 – $2,574	44	100.0%
Oct 2025	9	$2,600	$2,550 – $2,650	23	100.0%
Sep 2025	2	Not enough leases this month to report a median
Aug 2025	9	$2,700	$1,800 – $2,950	26	100.0%
Jul 2025	8	$2,725	$2,675 – $2,800	54	100.0%
Jun 2025	4	Not enough leases this month to report a median
May 2025	8	$2,750	$2,206 – $2,825	20	100.0%
Apr 2025	7	$2,400	$1,575 – $2,625	18	100.0%
Mar 2025	10	$2,600	$2,500 – $2,900	15	96.5%
Feb 2025	6	$2,573	$1,913 – $2,880	19	99.6%
Jan 2025	4	Not enough leases this month to report a median
Dec 2024	4	Not enough leases this month to report a median
Nov 2024	6	$2,750	$2,675 – $2,788	51	100.0%
Oct 2024	6	$2,738	$2,706 – $2,788	44	99.1%
Sep 2024	6	$2,725	$2,550 – $2,788	36	100.0%
Aug 2024	12	$2,775	$2,550 – $3,088	38	100.0%
Jul 2024	9	$2,800	$2,700 – $3,000	26	100.0%
Jun 2024	8	$2,825	$2,586 – $3,288	41	100.0%
May 2024	10	$2,750	$2,625 – $2,888	30	100.0%
Apr 2024	10	$3,000	$2,563 – $3,088	26	100.0%
Mar 2024	7	$2,700	$2,675 – $2,700	59	100.0%
Feb 2024	4	Not enough leases this month to report a median
Jan 2024	3	Not enough leases this month to report a median
Dec 2023	4	Not enough leases this month to report a median
Nov 2023	3	Not enough leases this month to report a median
Oct 2023	2	Not enough leases this month to report a median

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 South U

How much does a home cost in South U?

Homes in South U sold for a median of $625,549 over the 12 months to September 2026, across 135 closed sales — half sold for more and half for less. That is 5.7% lower than the 12 months before it.

How long does it take to sell a home in South U?

A home in South U took a median of 44 days on the market over the 12 months to September 2026. Homes there closed at 98.0% of the asking price on average, with 12.6% selling over asking.

How much is rent in South U?

The median lease in South U closed at $2,541 a month over the 12 months to September 2026, across 103 leases.

Is it cheaper to rent or buy in South U?

A home in South U costs about 20.5 years of the rent on one — the median price of $625,549 against a median rent of $2,541 a month, a gross yield of 4.87%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in South U?

Over the 12 months to September 2026 the mix in South U was detached (44.4% of sales, median $710,750) and condo town (4.4% of sales, median $449,500).

Compiled by HOMEH from leases reported closed in South U 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 South U

A condo here is its own market

26 condo townhouses are on the market in South U right now. Too few have closed here in the last year for us to publish a median we would stand behind.

Condo townhouses are a separate market again: 6 closed here at a median of $449,500.

0condo apartments for sale 0condo apartments for rent