Arnprior, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,100 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Arnprior, Ontario is currently exhibiting steady growth. With a median house price of $495,000 and a year-over-year increase of 4%, the market is showing signs of modest appreciation. Similarly, the apartment sector has seen a price uptick of 2.5% year-over-year, with median prices at $295,000.
This consistent growth reflects a stable local economy and a real estate market that has not experienced the volatility seen in larger metropolitan areas. The population of Arnprior stands at 15,100 and has been growing at a rate of 2% per annum, indicating sustained demand for housing in the region.
Investment Opportunities and Potential
Investors considering Arnprior will find potential in both the single-family home and apartment sectors. The continuous rise in property values suggests that purchasing residential real estate could be a sound investment, especially for those looking for long-term capital gains.
The steady population increase also points towards a growing rental market as newcomers seek housing. Thus, investing in rental properties could provide investors with ongoing income streams while also benefiting from property appreciation over time.
Given the current trends, infill developments and renovations could appeal to buyers looking for modernized living spaces within established neighborhoods. Moreover, as more people may seek to move away from larger cities due to remote work possibilities, Arnprior could see an influx of new residents seeking affordable housing options.
Future Market Outlook
Looking ahead, the future market outlook for Arnprior is cautiously optimistic. Assuming economic conditions remain stable and interest rates do not rise significantly, the real estate market is likely to continue on its current trajectory of gradual growth.
The town’s appeal as a small community within commuting distance to Ottawa suggests that it may benefit from spillover demand from the capital’s more expensive market. However, investors should monitor local economic developments and broader national trends that could impact mortgage affordability and consumer confidence.
In summary, while no real estate market is without risk, Arnprior’s current data indicates a healthy market with room for continued growth and investment opportunities.
