Bankhead, Alberta 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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bankhead, Alberta is currently experiencing moderate growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing stable appreciation for single-family homes. Apartments are also seeing growth, albeit at a slightly lower rate, with a median price of $300,000 and an increase of 2.1% from the previous year. This steady growth in property values suggests a healthy demand for housing within the region.
The population of Bankhead stands at 15,000 and has seen an impressive growth rate of 3.4%. This demographic expansion is likely contributing to the demand for housing and can be indicative of a vibrant local economy that attracts new residents.
Investment Opportunities and Potential
Investors considering Bankhead’s real estate market have promising opportunities, particularly in residential properties. The consistent upward trend in house prices reflects the potential for capital gains over time. Additionally, the strong population growth signals ongoing rental demand, which could be lucrative for buy-to-let investors focused on long-term income generation.
The current trends suggest that investing in apartments could be particularly attractive given their more accessible entry price point at $300,000. These properties may appeal to new residents or smaller households looking for more affordable housing options. As such, investors could benefit from both rental income and potential property value appreciation driven by sustained demand.
Future Market Outlook
Looking forward, the Bankhead real estate market appears poised for continued growth. The robust population increase bodes well for the demand for housing, which is likely to support further price appreciation across different property types. Assuming no significant economic disruptions occur, both the house and apartment markets should maintain their upward trajectory.
Investors and homeowners alike can feel cautiously optimistic about the future market conditions in Bankhead. Monitoring economic indicators such as employment rates, infrastructure developments, and interest rate changes will be crucial to understanding any shifts in the trajectory of the housing market. Nonetheless, current data points towards a favourable outlook for those invested in Bankhead’s real estate landscape.
