Real Estate Market Report for
Palmer Rapids, ON

Updated : Aug 2016
House
  • Median price $145,900
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.87%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Palmer Rapids Home Price

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With a median listing price of $145,900, Palmer Rapids is Canada’s 4017th most expensive when ordered by median listing price.

The $145,900 price tag on the median Palmer Rapids home means that it is below the national norm.

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

According to our stats, Palmer Rapids is the neighbourhood that has the 567th most properties available to real estate investors in Ontario.

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

In Palmer Rapids, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

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

Will prices rise across the next year in in Palmer Rapids? There are a number of real estate indicators to consider.

If you are looking at investment properties in Palmer Rapids, 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.

Beds Median price (House) Median price (Apartment)
3 bedrooms $148,950
Demographics
  • Private dwellings occupied by usual residents658
  • Population density per square kilometre2.3
  • Land area (square km)705.83
  • Population in 20111658
  • Population in 20061497
  • 2006 to 2011 population change (%)10.8
  • Total private dwellings1031
  • Age Characteristics
    Total population by age groups 1660
    0 to 4 years 55
    5 to 9 years 95
    10 to 14 years 85
    15 to 19 years 75
    15 years 15
    16 years 15
    17 years 15
    18 years 15
    19 years 10
    20 to 24 years 50
    25 to 29 years 70
    30 to 34 years 60
    35 to 39 years 65
    40 to 44 years 100
    45 to 49 years 130
    50 to 54 years 170
    55 to 59 years 165
    60 to 64 years 165
    65 to 69 years 120
    70 to 74 years 100
    75 to 79 years 80
    80 to 84 years 45
    85 years and over 20
    Median age of the population 51.3
    % of the population aged 15 and over 85.5
  • Marital Status
    Total population 15 years and over by marital status 1420
    Married or living with a common-law partner 890
    Married (and not separated) 795
    Living common-law 95
    Not married and not living with a common-law partner 535
    Single (never legally married) 350
    Separated 35
    Divorced 70
    Widowed 75
    Family Characteristics
    Total number of census families in private households 485
    Size of census family: 2 persons 300
    Size of census family: 3 persons 80
    Size of census family: 4 persons 75
    Size of census family: 5 or more persons 40
    Total number of census families in private households 485
    Total couple families by family structure and number of children 445
    Married couples 390
    Without children at home 240
    With children at home 160
    1 child 65
    2 children 60
    3 or more children 30
    Common-law couples 45
    Without children at home 30
    With children at home 15
    1 child 5
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 50
    Female parent 35
    1 child 20
    2 children 5
    3 or more children 10
    Male parent 10
    1 child 10
    2 children 5
    3 or more children 5
    Total children in census families in private households 400
    Under six years of age 70
    6 to 14 years 165
    15 to 17 years 45
    18 to 24 years 60
    25 years and over 55
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 1530
    Number of persons not in census families 200
    Living with relatives 10
    Living with non-relatives only 15
    Living alone 170
    Number of census family persons 1330
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 325
    Number of persons not in census families aged 65 years and over 85
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 80
    Number of census family persons aged 65 years and over 240
    Total number of private households by household type 660
    Census-family households 480
    One-family-only households 450
    Couple-family households 415
    Without children 255
    With children 165
    Lone-parent-family households 35
    Other family households 25
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 5
    Two-or-more-family households 10
    Non-census-family households 180
    One-person households 175
    Two-or-more-person households 5
    Total number of occupied private dwellings by structural type of dwelling 660
    Single-detached house 615
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 25
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 25
    Other single-attached house 0
    Total number of private households by household size 655
    1 person 175
    2 persons 280
    3 persons 85
    4 persons 75
    5 persons 30
    6 or more persons 15
    Number of persons in private households 1535
    Average number of persons in private households 2.3
Census 2011

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