Acheson, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $305,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $255,000 |
| 2 bedrooms | $355,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Acheson, Alberta is currently exhibiting steady growth. With a median house price of $510,000 and an upward trend of 4% year-over-year, the market demonstrates resilience and a consistent demand for housing. Similarly, the median apartment price has reached $305,000, with a slightly lower growth rate of 2.5% year-over-year. This disparity in growth rates suggests that single-family homes are experiencing higher demand relative to apartments.
The population of Acheson stands at 15,500 and has been growing at a healthy rate of 3.3%. This population influx is likely contributing to the sustained demand for housing in both the private home and apartment sectors.
Investment Opportunities and Potential
Investment opportunities in Acheson are promising given the solid growth metrics. The consistent rise in property values indicates a stable investment climate, particularly for those considering long-term capital gains. Single-family homes represent a more dynamic investment option with a higher growth rate compared to apartments, although both property types offer potential due to the overall market growth.
The ongoing population increase is set to drive demand for rental properties, making multi-unit residential buildings an attractive opportunity for investors looking to capitalize on rental income. Furthermore, as a developing community with increasing local economic activities, commercial real estate investments may also present worthwhile prospects as businesses expand to cater to the growing population.
Future Market Outlook
The future market outlook for Acheson’s real estate appears optimistic. The continuous population growth is expected to persist as economic opportunities attract more residents to the area. This demographic trend will likely uphold the demand for both residential and commercial real estate.
If current trends continue, property values may maintain their upward trajectory; however, investors should remain cognizant of broader economic factors that could influence interest rates and construction costs. Overall, Acheson’s real estate market demonstrates potential for sustainable growth and warrants consideration from both homebuyers and investors alike.
