Allanburg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,300 |
| Previous Population (2020) | 15,000 |
| Population Change | 2.0% |
| 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 in Allanburg, Ontario
The real estate market in Allanburg, Ontario is currently exhibiting stable growth, with the median house price standing at $515,000, marking a 4% increase over the past year. This trend indicates a healthy demand for housing in the area, coupled with a modest supply that supports gradual price appreciation. The apartment sector is also showing positive momentum, with the median apartment price reaching $310,000 and experiencing a 2.5% year-over-year increase.
This balanced growth suggests that Allanburg’s real estate market is not overheated but rather progressing at a sustainable pace. Additionally, with a population of 15,300 that has grown by 2% over the last period, there’s evidence of demographic expansion contributing to housing demand.
Investment Opportunities and Potential in Allanburg
Allanburg presents multiple investment opportunities given its steady market conditions. The consistent rise in house prices offers potential for capital gains for long-term investors. Moreover, the growing population indicates a sustained or increasing demand for rental properties. Investors looking to enter the rental market could anticipate stable rental income from both houses and apartments due to the town’s growing demographics and limited housing supply.
With apartments experiencing slightly less price growth compared to houses, they may present an attractive entry point for first-time investors or those with more modest budgets seeking to take advantage of the market’s potential.
Future Market Outlook for Allanburg
The future outlook for Allanburg’s real estate market appears promising. Assuming current trends continue, investors can expect ongoing appreciation in property values. The steady population growth rate of 2% should help maintain demand for housing and support the health of both sale and rental markets.
However, potential investors and homeowners should keep an eye on economic factors such as employment rates and infrastructure developments within Allanburg and surrounding areas, as these will play crucial roles in shaping future market dynamics. Additionally, monitoring interest rate changes and mortgage regulations will be essential since they directly affect buying power and investment yields.
In summary, while current data reflects stability and growth potential in Allanburg’s real estate market, vigilance regarding broader economic conditions is advised to stay informed about any shifts that could impact future market performance.
