Atikokan, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Atikokan, Ontario, is currently experiencing a moderate growth trajectory. With the median house price standing at $490,000, there has been a year-over-year increase of 2.8%. This indicates a steady, albeit slow, appreciation in property values which can be attributed to the ongoing demand for single-family homes in the region.
Similarly, the median apartment price in Atikokan is $295,000, reflecting a year-over-year growth of 1.9%. Although this growth rate is slightly lower than that of detached homes, it suggests a consistent demand for more affordable, multi-family living spaces. The town’s population has grown by 3.4%, which currently stands at approximately 15,000 residents. This demographic increase could be partially responsible for the current housing trends as more individuals and families seek accommodation in Atikokan.
2. Investment Opportunities and Potential
For investors considering the Atikokan real estate market, there are several opportunities worth exploring. The steady increase in property values implies that purchasing residential real estate could yield profitable returns through both capital appreciation and rental income.
The growth in population suggests an ongoing need for housing which may keep the rental market buoyant. As such, investing in apartments or houses with the intent to rent them out could be particularly advantageous given the lower entry prices and potential for rental yield growth.
The town’s affordability compared to larger urban centers also positions it as a potential hotspot for first-time homebuyers or retirees looking for a quieter lifestyle without being too far from essential amenities. Investors could consider targeting these demographics with strategic property improvements or developments tailored to their needs.
3. Future Market Outlook
The future outlook of the Atikokan real estate market appears cautiously optimistic. Assuming current trends continue—modest population growth alongside gradual increases in employment and income levels—the housing market should maintain its upward momentum.
The local economy’s diversification efforts and any infrastructural improvements could further bolster this positive outlook by attracting new residents and businesses to the area. Moreover, if interest rates remain low, this will likely continue to support buyer demand and contribute to sustained property value appreciation.
In summary, while not exhibiting explosive growth like some major cities, Atikokan offers stable investment opportunities with room for modest but reliable gains over time.
