Appleton, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
The real estate market in Appleton, Ontario is currently experiencing stable growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the housing sector indicates a healthy demand and appreciation of property values. Meanwhile, the median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This difference in growth rates suggests a higher demand for detached homes over apartments.
Appleton’s population has expanded by 7.1%, which may be contributing to the strong real estate market conditions. As more people move into the area, demand for housing increases, which can lead to competitive markets and potential price escalations.
Investment Opportunities and Potential
The current trends point towards a promising investment landscape in Appleton. The steady increase in property values provides opportunities for capital gains for those investing in residential properties. Single-family homes present particularly good potential due to their higher appreciation rate compared to apartments.
Considering the population growth rate of 7.1%, there could also be an increased demand for rental properties. Investors looking to enter the buy-to-let market might find Appleton an attractive option with prospects for both rental income and property value appreciation.
Future Market Outlook
The future outlook for Appleton’s real estate market appears optimistic based on current trends and data. If the population continues to grow at its current pace or faster, housing demand is likely to increase further, potentially leading to a more robust market with higher property values.
However, investors should remain cautious and monitor economic factors such as employment rates, interest rates, and local development projects that could affect market conditions. A diversified approach that includes different types of properties could mitigate risks associated with market fluctuations.
