Real Estate Market Report for
Hope River, PE

Updated : Aug 2016
House
  • Median price $161,950
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.75%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Hope River Home Price

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When looking across the province, Hope River is the 131th most expensive in Prince Edward Island.

While the median for Prince Edward Island is $179,600 , which means that Hope River’s median price is $161,950 below average than the rest of the province.

Prince Edward Island has the fourth least amount of properties available to property investors, with Hope River having 140th most in the province, out of a total of 218.

Can we guarantee how well Hope River is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

If you are looking at investment properties in Hope River, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Hope River will hopefully provide an indicator to help you where to research in-depth

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Hope River have stayed pretty much the same which would tend to indicate that demand is steady.

Demographics
  • Population in 2011560
  • Population in 2006579
  • 2006 to 2011 population change (%)-3.3
  • Total private dwellings268
  • Private dwellings occupied by usual residents219
  • Population density per square kilometre7.9
  • Land area (square km)71.03
  • Age Characteristics
    Total population by age groups 560
    0 to 4 years 15
    5 to 9 years 35
    10 to 14 years 35
    15 to 19 years 45
    15 years 5
    16 years 10
    17 years 5
    18 years 10
    19 years 10
    20 to 24 years 30
    25 to 29 years 25
    30 to 34 years 30
    35 to 39 years 25
    40 to 44 years 50
    45 to 49 years 55
    50 to 54 years 55
    55 to 59 years 40
    60 to 64 years 50
    65 to 69 years 30
    70 to 74 years 20
    75 to 79 years 15
    80 to 84 years 5
    85 years and over 5
    Median age of the population 44.6
    % of the population aged 15 and over 85
  • Marital Status
    Total population 15 years and over by marital status 475
    Married or living with a common-law partner 315
    Married (and not separated) 280
    Living common-law 30
    Not married and not living with a common-law partner 160
    Single (never legally married) 110
    Separated 15
    Divorced 10
    Widowed 20
    Family Characteristics
    Total number of census families in private households 175
    Size of census family: 2 persons 90
    Size of census family: 3 persons 40
    Size of census family: 4 persons 35
    Size of census family: 5 or more persons 15
    Total number of census families in private households 175
    Total couple families by family structure and number of children 155
    Married couples 140
    Without children at home 70
    With children at home 75
    1 child 30
    2 children 30
    3 or more children 15
    Common-law couples 15
    Without children at home 10
    With children at home 5
    1 child 5
    2 children 0
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 20
    Female parent 15
    1 child 15
    2 children 5
    3 or more children 5
    Male parent 5
    1 child 5
    2 children 5
    3 or more children 0
    Total children in census families in private households 170
    Under six years of age 20
    6 to 14 years 65
    15 to 17 years 20
    18 to 24 years 45
    25 years and over 15
    Average number of children at home per census family 0.9
  • Household And Dwelling Characteristics
    Total number of persons in private households 560
    Number of persons not in census families 65
    Living with relatives 10
    Living with non-relatives only 10
    Living alone 40
    Number of census family persons 500
    Average number of persons per census family 2.8
    Total number of persons 65 years and over in private households 70
    Number of persons not in census families aged 65 years and over 20
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 15
    Number of census family persons aged 65 years and over 50
    Total number of private households by household type 220
    Census-family households 175
    One-family-only households 165
    Couple-family households 145
    Without children 75
    With children 75
    Lone-parent-family households 20
    Other family households 15
    One-family households with persons not in a census family 10
    Couple-family households 5
    Without children 5
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 45
    One-person households 40
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 220
    Single-detached house 195
    Apartment, building that has five or more storeys 0
    Movable dwelling 25
    Other dwelling 0
    Semi-detached house 5
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 215
    1 person 40
    2 persons 85
    3 persons 40
    4 persons 35
    5 persons 15
    6 or more persons 0
    Number of persons in private households 560
    Average number of persons in private households 2.5
Census 2011

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