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, the real estate market is experiencing a steady increase in property values. The median house price currently stands at $500,000, with a growth trend of 3.5% year-over-year. This indicates a healthy demand for residential properties and a robust market for homeowners looking to sell. Similarly, the median apartment price is $300,000 and has seen a more modest increase of 2.1% year-over-year.
The population of Allenford has reached 15,000 residents and is continuing to grow at a rate of 7.1%. This significant population growth can be attributed to factors such as the town’s economic opportunities, lifestyle appeal, or its proximity to larger urban centers. The influx of new residents is likely contributing to the steady demand for housing and fueling the positive trends observed in property values.
Investment Opportunities and Potential
Given the current market conditions, Allenford presents several attractive investment opportunities. The ongoing rise in median house prices suggests that investing in residential real estate could yield substantial returns over time. Additionally, with the apartment prices increasing at a slower pace than houses, there is potential for investors to enter the market at a lower price point while still benefiting from appreciation over time.
Investors should also consider the impact of Allenford’s population growth on rental demand. As new residents seek accommodation, rental properties may become increasingly sought after, potentially leading to higher rental income and lower vacancy rates for landlords.
Future Market Outlook
The future real estate market outlook for Allenford looks promising based on current trends and demographic data. If the town maintains its population growth rate and continues to attract new residents due to economic or lifestyle factors, it can be expected that demand for housing will remain strong. This bodes well for both property values and investment potential.
However, investors should remain cognizant of broader economic conditions that could impact interest rates and affordability—factors which could moderate market growth or introduce volatility. Careful market analysis and staying informed about both local and national economic indicators are essential strategies for those looking to invest in Allenford’s future.
