Beaumont, 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 | $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 (2025) | 15,000 |
| Previous Population (2020) | 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 Beaumont, Alberta is currently characterized by steady growth. With a median house price sitting at $500,000 and an upward trend of 3.5% year-over-year, the market is showing consistent appreciation. This suggests that homeowners are experiencing gains in property value, making real estate a reliable investment in the area.
The median apartment price is somewhat lower at $300,000, with a more moderate increase of 2.1% year-over-year. This difference indicates a more approachable entry point for investors or first-time buyers interested in the apartment sector while still benefiting from incremental growth.
The town’s population of 15,000 has been growing at a robust rate of 7.1%. Such significant population growth can be indicative of a demand surge for housing, which may put upward pressure on both rental and purchase prices over time if new housing supply doesn’t keep pace.
Investment Opportunities and Potential
The current dynamics of the Beaumont real estate market suggest there are promising opportunities for investment. The consistent appreciation rate for detached houses offers potential for long-term capital gains. For those looking to invest in rental properties, the rising population implies that there will be an ongoing demand for housing, potentially leading to favorable rental yields.
Apartments represent an attractive investment opportunity as well due to their lower median price point and growing value. Investors may find apartments to be a more accessible investment while still benefiting from the overall health and growth of the real estate market in Beaumont.
Future Market Outlook
Moving forward, the real estate market in Beaumont appears poised for continued growth. The robust population increase will likely sustain demand for housing across all sectors. Assuming that economic conditions remain stable and no significant changes occur in interest rates or housing policies, both house and apartment markets should maintain their current trajectories of appreciation.
In light of these factors, we expect that the median prices for both houses and apartments will continue to rise steadily. However, potential investors should monitor local developments closely, as factors such as new housing developments or changes in local employment rates could influence future market conditions.
