Real Estate Market Report for
Palmer Road, PE

Updated : Dec 2014
House
  • Median price $99,450
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.32%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Palmer Road Home Price

Can you afford to buy here? If you like, we can get one of our mortgage experts to tell you exactly how much you can borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Last month, Palmer Road was Canada’s 4264th priciest – this month at number 4264 it’s gained 208 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.

While the median for Prince Edward Island is $174,000 , which means that Palmer Road’s median price is $99,450 a lot lower than the rest of the province.

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.

From our data, it appears that neighbourhood is number 3937th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Palmer Road 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 Palmer Road have stayed pretty much the same which would tend to indicate that demand is steady.

Can we guarantee how well Palmer Road 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.

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

Demographics
  • Population in 20111487
  • Population in 20061655
  • 2006 to 2011 population change (%)-10.2
  • Total private dwellings621
  • Private dwellings occupied by usual residents543
  • Population density per square kilometre17.3
  • Land area (square km)85.84
  • Age Characteristics
    Total population by age groups 1490
    0 to 4 years 75
    5 to 9 years 75
    10 to 14 years 115
    15 to 19 years 120
    15 years 25
    16 years 25
    17 years 25
    18 years 25
    19 years 15
    20 to 24 years 90
    25 to 29 years 55
    30 to 34 years 75
    35 to 39 years 95
    40 to 44 years 110
    45 to 49 years 110
    50 to 54 years 100
    55 to 59 years 120
    60 to 64 years 130
    65 to 69 years 85
    70 to 74 years 60
    75 to 79 years 35
    80 to 84 years 15
    85 years and over 20
    Median age of the population 41.8
    % of the population aged 15 and over 81.4
  • Marital Status
    Total population 15 years and over by marital status 1215
    Married or living with a common-law partner 770
    Married (and not separated) 680
    Living common-law 90
    Not married and not living with a common-law partner 445
    Single (never legally married) 310
    Separated 30
    Divorced 40
    Widowed 70
    Family Characteristics
    Total number of census families in private households 465
    Size of census family: 2 persons 220
    Size of census family: 3 persons 110
    Size of census family: 4 persons 85
    Size of census family: 5 or more persons 40
    Total number of census families in private households 465
    Total couple families by family structure and number of children 385
    Married couples 335
    Without children at home 160
    With children at home 180
    1 child 70
    2 children 70
    3 or more children 35
    Common-law couples 45
    Without children at home 20
    With children at home 25
    1 child 10
    2 children 15
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 85
    Female parent 60
    1 child 25
    2 children 25
    3 or more children 10
    Male parent 20
    1 child 20
    2 children 5
    3 or more children 0
    Total children in census families in private households 515
    Under six years of age 90
    6 to 14 years 180
    15 to 17 years 75
    18 to 24 years 110
    25 years and over 60
    Average number of children at home per census family 1.1
  • Household And Dwelling Characteristics
    Total number of persons in private households 1485
    Number of persons not in census families 120
    Living with relatives 20
    Living with non-relatives only 20
    Living alone 85
    Number of census family persons 1360
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 215
    Number of persons not in census families aged 65 years and over 45
    Living with relatives 10
    Living with non-relatives only 5
    Living alone 35
    Number of census family persons aged 65 years and over 170
    Total number of private households by household type 540
    Census-family households 445
    One-family-only households 415
    Couple-family households 355
    Without children 165
    With children 190
    Lone-parent-family households 60
    Other family households 35
    One-family households with persons not in a census family 20
    Couple-family households 10
    Without children 0
    With children 5
    Lone-parent-family households 10
    Two-or-more-family households 15
    Non-census-family households 95
    One-person households 85
    Two-or-more-person households 10
    Total number of occupied private dwellings by structural type of dwelling 545
    Single-detached house 520
    Apartment, building that has five or more storeys 0
    Movable dwelling 15
    Other dwelling 5
    Semi-detached house 0
    Row house 0
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 5
    Total number of private households by household size 545
    1 person 85
    2 persons 205
    3 persons 100
    4 persons 100
    5 persons 35
    6 or more persons 20
    Number of persons in private households 1485
    Average number of persons in private households 2.7
Census 2011

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?