Real Estate Market Report for
Oromocto, NB

Updated : Aug 2016
House
  • Median price $208,500
  • Monthly growth 51.69 %
  • Quarterly trend
  • Stock on market 3.45%
Apartment
  • Median price $156,900
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.08%
Oromocto Home Price

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Canada’s national median home listing price this month is $290,900, which means that Oromocto is close to average for Canada.

The $208,500 price tag on the median Oromocto home means that it is about average price.

Investors looking for properties in Oromocto are most likely to find 4 bedroom homes on offer this month, with 3 bedroom potential investment properties the second most popular.

From our data, it appears that neighbourhood is number 234th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.

It’s never an exact art, but to try to forecast how property is going to appreciate in Oromocto for investors, it’s important to look at data like:

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

Across the country as a whole, Oromocto is in the lowest priced 40% when all of Canada’s suburbs are listed in order of real estate listing prices.

When our research team crunched the numbers we calculated that Oromocto has a median home price of $156,900.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.

From our data, it appears that neighbourhood is number 719th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the bottom 30.

When we look at the data we have, it can help with trying to establish whether or not Oromocto is a good investment target.

In Oromocto, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

Beds Median price (House) Median price (Apartment)
2 bedrooms $175,950
3 bedrooms $165,000 $158,400
4 bedrooms $251,750
5 bedrooms $249,950
Demographics
  • Population in 20118932
  • Population in 20068402
  • 2006 to 2011 population change (%)6.3
  • Total private dwellings3680
  • Private dwellings occupied by usual residents3459
  • Population density per square kilometre399.2
  • Land area (square km)22.37
  • Age Characteristics
    Total population by age groups 8930
    0 to 4 years 830
    5 to 9 years 650
    10 to 14 years 550
    15 to 19 years 530
    15 years 100
    16 years 120
    17 years 120
    18 years 110
    19 years 90
    20 to 24 years 1025
    25 to 29 years 990
    30 to 34 years 835
    35 to 39 years 695
    40 to 44 years 660
    45 to 49 years 605
    50 to 54 years 410
    55 to 59 years 265
    60 to 64 years 240
    65 to 69 years 190
    70 to 74 years 165
    75 to 79 years 150
    80 to 84 years 90
    85 years and over 60
    Median age of the population 29.5
    % of the population aged 15 and over 77.3
  • Marital Status
    Total population 15 years and over by marital status 6910
    Married or living with a common-law partner 4505
    Married (and not separated) 3375
    Living common-law 1125
    Not married and not living with a common-law partner 2400
    Single (never legally married) 1730
    Separated 185
    Divorced 260
    Widowed 225
    Family Characteristics
    Total number of census families in private households 2525
    Size of census family: 2 persons 1095
    Size of census family: 3 persons 640
    Size of census family: 4 persons 580
    Size of census family: 5 or more persons 210
    Total number of census families in private households 2525
    Total couple families by family structure and number of children 2230
    Married couples 1670
    Without children at home 635
    With children at home 1035
    1 child 415
    2 children 455
    3 or more children 165
    Common-law couples 565
    Without children at home 275
    With children at home 290
    1 child 140
    2 children 110
    3 or more children 40
    Total lone-parent families by sex of parent and number of children 295
    Female parent 225
    1 child 140
    2 children 65
    3 or more children 20
    Male parent 70
    1 child 50
    2 children 15
    3 or more children 5
    Total children in census families in private households 2785
    Under six years of age 995
    6 to 14 years 1025
    15 to 17 years 325
    18 to 24 years 315
    25 years and over 125
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 8915
    Number of persons not in census families 1375
    Living with relatives 85
    Living with non-relatives only 540
    Living alone 750
    Number of census family persons 7540
    Average number of persons per census family 3
    Total number of persons 65 years and over in private households 645
    Number of persons not in census families aged 65 years and over 205
    Living with relatives 30
    Living with non-relatives only 5
    Living alone 170
    Number of census family persons aged 65 years and over 440
    Total number of private households by household type 3460
    Census-family households 2490
    One-family-only households 2340
    Couple-family households 2105
    Without children 840
    With children 1265
    Lone-parent-family households 235
    Other family households 150
    One-family households with persons not in a census family 110
    Couple-family households 80
    Without children 40
    With children 35
    Lone-parent-family households 35
    Two-or-more-family households 35
    Non-census-family households 970
    One-person households 750
    Two-or-more-person households 220
    Total number of occupied private dwellings by structural type of dwelling 3460
    Single-detached house 2120
    Apartment, building that has five or more storeys 40
    Movable dwelling 0
    Other dwelling 1305
    Semi-detached house 350
    Row house 490
    Apartment, duplex 30
    Apartment, building that has fewer than five storeys 425
    Other single-attached house 0
    Total number of private households by household size 3460
    1 person 750
    2 persons 1155
    3 persons 705
    4 persons 595
    5 persons 190
    6 or more persons 65
    Number of persons in private households 8920
    Average number of persons in private households 2.6
Census 2011

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