Acheson, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $480,000 |
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 currently exhibits a stable growth pattern. With a median house price of $525,000, the market has seen a steady year-over-year increase of 4%. This indicates a healthy demand for houses in the area. In contrast, the median apartment price stands at $320,000, with a slightly lower appreciation rate of 2.5% over the past year. The more modest growth rate for apartments may be reflective of a greater demand for single-family homes or a larger inventory of apartments.
Supported by a population growth of 3.3%, which outpaces many other regions, Acheson is showing signs of an expanding community. This demographic shift is likely to continue to drive demand for housing in both purchase and rental markets. High population growth can be correlated with increased economic activity and job creation, which are positive indicators for real estate investment.
Investment Opportunities and Potential
Given the consistent growth in house prices and the steady expansion of the local population, Acheson offers promising investment opportunities. Investors could benefit from capital appreciation in the medium to long term, especially in the single-family home segment where there’s a stronger upward trend in prices.
Furthermore, with population growth surpassing the national average, there’s potential for rental properties to perform well due to increased demand. This makes both purchasing property for rental income and development projects potentially lucrative ventures. Investors should also consider diversifying their portfolios within the residential sector to capitalize on both segments’ growth.
Future Market Outlook
The future market outlook for Acheson is optimistic. With its robust population growth fueling demand for housing and an economy that seems conducive to sustaining this trend, both house and apartment prices are expected to continue rising at a steady pace.
Moreover, as infrastructure expands and improves to keep up with demographic growth, properties in strategic locations may see an above-average increase in value. Prospective investors should keep an eye on urban planning and development initiatives as these can create new hotspots within the real estate market.
In conclusion, Acheson presents itself as an attractive market for real estate investment with solid fundamentals underpinning its growth prospects. Stakeholders should remain vigilant about regional economic drivers and demographic patterns to make informed investment decisions.
