Real Estate Market Report for
Picture Butte, AB

Updated : Aug 2016
House
  • Median price $289,000
  • Monthly growth 4.61 %
  • Quarterly trend
  • Stock on market 1.06%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Picture Butte Home Price

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When looking across the province, Picture Butte is the 152th most expensive in Alberta.

The $289,000 price tag on the median Picture Butte home means that it is above the cost of most houses in the country.

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.

As one of Alberta’s many potential real estate investment neighbourhoods, Picture Butte 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.

In Picture Butte, 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.

Alberta has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Beds Median price (House) Median price (Apartment)
2 bedrooms $235,000
3 bedrooms $234,500
4 bedrooms $330,500
Demographics
  • Population in 20111650
  • Population in 20061592
  • 2006 to 2011 population change (%)3.6
  • Total private dwellings660
  • Private dwellings occupied by usual residents625
  • Population density per square kilometre569.5
  • Land area (square km)2.9
  • Age Characteristics
    Total population by age groups 1650
    0 to 4 years 130
    5 to 9 years 100
    10 to 14 years 115
    15 to 19 years 135
    15 years 30
    16 years 30
    17 years 30
    18 years 20
    19 years 30
    20 to 24 years 110
    25 to 29 years 100
    30 to 34 years 110
    35 to 39 years 85
    40 to 44 years 75
    45 to 49 years 90
    50 to 54 years 115
    55 to 59 years 100
    60 to 64 years 90
    65 to 69 years 75
    70 to 74 years 65
    75 to 79 years 55
    80 to 84 years 55
    85 years and over 45
    Median age of the population 36
    % of the population aged 15 and over 78.8
  • Marital Status
    Total population 15 years and over by marital status 1300
    Married or living with a common-law partner 790
    Married (and not separated) 715
    Living common-law 75
    Not married and not living with a common-law partner 510
    Single (never legally married) 310
    Separated 25
    Divorced 70
    Widowed 105
    Family Characteristics
    Total number of census families in private households 430
    Size of census family: 2 persons 215
    Size of census family: 3 persons 70
    Size of census family: 4 persons 80
    Size of census family: 5 or more persons 70
    Total number of census families in private households 430
    Total couple families by family structure and number of children 385
    Married couples 350
    Without children at home 165
    With children at home 185
    1 child 50
    2 children 70
    3 or more children 60
    Common-law couples 40
    Without children at home 25
    With children at home 10
    1 child 10
    2 children 5
    3 or more children 5
    Total lone-parent families by sex of parent and number of children 45
    Female parent 40
    1 child 20
    2 children 10
    3 or more children 10
    Male parent 5
    1 child 0
    2 children 0
    3 or more children 5
    Total children in census families in private households 535
    Under six years of age 155
    6 to 14 years 190
    15 to 17 years 85
    18 to 24 years 80
    25 years and over 25
    Average number of children at home per census family 1.2
  • Household And Dwelling Characteristics
    Total number of persons in private households 1585
    Number of persons not in census families 235
    Living with relatives 25
    Living with non-relatives only 25
    Living alone 185
    Number of census family persons 1350
    Average number of persons per census family 3.1
    Total number of persons 65 years and over in private households 235
    Number of persons not in census families aged 65 years and over 75
    Living with relatives 5
    Living with non-relatives only 0
    Living alone 65
    Number of census family persons aged 65 years and over 165
    Total number of private households by household type 625
    Census-family households 425
    One-family-only households 405
    Couple-family households 370
    Without children 185
    With children 185
    Lone-parent-family households 40
    Other family households 20
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 0
    With children 5
    Lone-parent-family households 10
    Two-or-more-family households 5
    Non-census-family households 195
    One-person households 180
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 625
    Single-detached house 510
    Apartment, building that has five or more storeys 0
    Movable dwelling 50
    Other dwelling 65
    Semi-detached house 25
    Row house 30
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 5
    Other single-attached house 5
    Total number of private households by household size 625
    1 person 180
    2 persons 220
    3 persons 70
    4 persons 80
    5 persons 45
    6 or more persons 30
    Number of persons in private households 1585
    Average number of persons in private households 2.5
Census 2011

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