Allenford, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Allenford, Ontario
In Allenford, Ontario, the real estate market is currently exhibiting stable growth, as indicated by the median house price of $500,000. This represents a healthy year-over-year increase of 3.5%. The apartment sector is also showing positive momentum, with a median price point of $300,000 and a growth trend of 2.1% over the same period. Such figures suggest a balanced market where both housing types are appreciating at a sustainable pace.
The population of Allenford stands at 15,000 and has seen a robust growth rate of 7.1%. This demographic expansion is likely contributing to the steady demand for housing in the area. The increased population not only reflects a potentially larger pool of renters and buyers but also signifies a thriving local economy that can support real estate values.
Investment Opportunities and Potential in Allenford
The ongoing population growth coupled with consistent appreciation in property values presents appealing investment opportunities in Allenford. Investors could potentially benefit from both long-term capital gains and rental income due to the rising demand for housing. The more moderate increase in apartment prices suggests that this segment may offer an accessible entry point for investors looking to capitalize on Allenford’s growing rental market.
With a balanced appreciation rate for houses and apartments, investors have diverse options to cater to different segments of the market. Properties in high-demand areas or those that serve the needs of growing demographics could be particularly lucrative investments as they may command higher rents or resale values.
Future Market Outlook for Allenford Real Estate
The future outlook for Allenford’s real estate market appears optimistic based on current trends and demographic data. Assuming no major economic disruptions occur, the steady population growth should continue to underpin demand for housing. Subsequently, this will likely support ongoing property value appreciation at a measured pace.
In light of these conditions, potential risks for investors may lie in economic factors beyond local control such as interest rate changes or broader national economic shifts; however, Allenford’s strong fundamentals suggest resilience to such external pressures. For homeowners and investors alike, careful monitoring of market data will be key in maximizing returns while mitigating risks in this active yet steady market environment.
