Real Estate Market Report for
Milk River, AB

Updated : Aug 2016
House
  • Median price $117,450
  • Monthly growth -10.51 %
  • Quarterly trend
  • Stock on market 2.39%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Milk River Home Price

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With a median listing price of $117,450, Milk River is Canada’s 4486th most expensive when ordered by median listing price.

The median house price listed in Milk River this month is $117,450.

If you’re looking at investment properties in Milk River, then you’re most likely to find homes with 3 bedrooms on sale this month.

Across Alberta Milk River has the 149th most properties on offer with 339.

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

Over the last three months in Milk River, housing stock available seems to be falling – this could mean that homes values might increase faster.

As one of Alberta’s many potential real estate investment neighbourhoods, Milk River needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Milk River there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
2 bedrooms $77,450
3 bedrooms $116,750
4 bedrooms $204,900
Demographics
  • Population in 2011811
  • Population in 2006816
  • 2006 to 2011 population change (%)-0.6
  • Total private dwellings418
  • Private dwellings occupied by usual residents357
  • Population density per square kilometre339.6
  • Land area (square km)2.39
  • Age Characteristics
    Total population by age groups 815
    0 to 4 years 40
    5 to 9 years 40
    10 to 14 years 45
    15 to 19 years 35
    15 years 10
    16 years 10
    17 years 10
    18 years 10
    19 years 10
    20 to 24 years 30
    25 to 29 years 35
    30 to 34 years 25
    35 to 39 years 25
    40 to 44 years 50
    45 to 49 years 50
    50 to 54 years 60
    55 to 59 years 60
    60 to 64 years 65
    65 to 69 years 60
    70 to 74 years 55
    75 to 79 years 40
    80 to 84 years 45
    85 years and over 45
    Median age of the population 52.1
    % of the population aged 15 and over 84.8
  • Marital Status
    Total population 15 years and over by marital status 685
    Married or living with a common-law partner 430
    Married (and not separated) 390
    Living common-law 40
    Not married and not living with a common-law partner 260
    Single (never legally married) 115
    Separated 15
    Divorced 55
    Widowed 70
    Family Characteristics
    Total number of census families in private households 235
    Size of census family: 2 persons 155
    Size of census family: 3 persons 35
    Size of census family: 4 persons 25
    Size of census family: 5 or more persons 15
    Total number of census families in private households 230
    Total couple families by family structure and number of children 205
    Married couples 185
    Without children at home 120
    With children at home 65
    1 child 25
    2 children 20
    3 or more children 20
    Common-law couples 20
    Without children at home 10
    With children at home 10
    1 child 0
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 30
    Female parent 20
    1 child 15
    2 children 5
    3 or more children 5
    Male parent 10
    1 child 5
    2 children 5
    3 or more children 0
    Total children in census families in private households 175
    Under six years of age 45
    6 to 14 years 75
    15 to 17 years 20
    18 to 24 years 30
    25 years and over 10
    Average number of children at home per census family 0.7
  • Household And Dwelling Characteristics
    Total number of persons in private households 760
    Number of persons not in census families 145
    Living with relatives 10
    Living with non-relatives only 15
    Living alone 115
    Number of census family persons 615
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 195
    Number of persons not in census families aged 65 years and over 55
    Living with relatives 5
    Living with non-relatives only 5
    Living alone 55
    Number of census family persons aged 65 years and over 130
    Total number of private households by household type 355
    Census-family households 235
    One-family-only households 225
    Couple-family households 200
    Without children 130
    With children 70
    Lone-parent-family households 25
    Other family households 5
    One-family households with persons not in a census family 5
    Couple-family households 0
    Without children 0
    With children 0
    Lone-parent-family households 0
    Two-or-more-family households 0
    Non-census-family households 125
    One-person households 115
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 360
    Single-detached house 300
    Apartment, building that has five or more storeys 0
    Movable dwelling 30
    Other dwelling 30
    Semi-detached house 5
    Row house 20
    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 360
    1 person 110
    2 persons 160
    3 persons 35
    4 persons 30
    5 persons 15
    6 or more persons 10
    Number of persons in private households 760
    Average number of persons in private households 2.1
Census 2011

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