Airdrie, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The Airdrie real estate market currently presents a stable and growing environment. With a median house price of $485,000, the market has experienced a 4% year-over-year growth, indicating a steady incline in property values. Apartments are also following an upward trend, albeit at a slightly lower pace, with a median price of $295,000 and a 2.5% year-over-year increase.
The city’s consistent population growth of 3.2% is contributing to the demand for housing. This growth indicates a robust and expanding community, which is likely driving the steady appreciation in property values. Airdrie’s strong economy and competitive housing prices compared to nearby Calgary make it an attractive option for both homeowners and investors.
2. Investment Opportunities and Potential
The ongoing population increase coupled with solid price appreciation suggests that Airdrie holds promising investment opportunities. The market is especially attractive to investors looking for long-term capital gains in a less volatile environment than larger metropolitan centers.
Investors may find particular value in single-family homes where the majority of the year-over-year growth is concentrated. However, apartments offer an affordable entry point into the market with potential for rental income and long-term equity growth. The city’s economic development plans and its proximity to Calgary may also contribute to future rental demand, making buy-to-let properties an appealing option.
3. Future Market Outlook
The outlook for Airdrie’s real estate market remains positive. The sustained population growth implies that demand for housing will continue to rise, which should support ongoing property value appreciation. The current trends suggest that investing in Airdrie offers both stability and potential for growth.
Assuming the current economic conditions persist, the housing market in Airdrie is poised to maintain its modest but steady growth trajectory over the next few years. Investors and homebuyers who enter the market now could benefit from the continued development of this vibrant community.
