Alliance, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
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 | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Alliance, Alberta exhibits a stable growth trajectory. The median house price is currently at $485,000, marking a year-over-year increase of 3.2%. This steady appreciation in property values points to a healthy demand for single-family homes.
Similarly, the apartment sector shows resilience with the median price of apartments sitting at $295,000, which has grown by 2.5% over the past year. The consistent growth across housing types reflects balanced market conditions, characterized by sustainable demand and a robust economy.
The population of Alliance stands at 15,200 residents, with a positive growth rate of 1.33%. This increase in population contributes to the ongoing demand for housing and supports market stability.
Investment Opportunities and Potential
The real estate market in Alliance offers compelling opportunities for investors. Given the steady appreciation in house and apartment prices, long-term investments appear promising. The moderate yet consistent population growth ensures an ongoing need for rental properties, making it an opportune time for investors to consider adding rental units to their portfolios.
The current trends also suggest that investing in residential properties could yield solid returns as the market continues to exhibit upward momentum in valuations. Investors should also note the potential for new developments spurred by population growth, which may present additional avenues for investment in both residential and commercial real estate sectors.
Future Market Outlook
The future outlook for the Alliance real estate market remains optimistic. With sustained population growth and a stable economy, demand for housing is expected to persist. Assuming no major economic disruptions occur, the market is likely to maintain its current trajectory of gradual price increases.
The consistent rise in property values indicates a balanced supply-demand dynamic that bodes well for both homeowners and investors. As Alliance continues to develop and attract new residents, we anticipate that both the residential and rental markets will remain robust, offering opportunities for capital gains and income generation from real estate investments.
