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 in Beaumont, Alberta
Beaumont, Alberta, is currently experiencing a stable real estate market. The median house price stands at $500,000, reflecting a modest year-over-year increase of 3.5%, signifying consistent growth in the housing sector. This growth trend is slightly above inflation but still manageable for potential homebuyers. Conversely, the median apartment price is set at $300,000, with a slightly lower year-over-year appreciation of 2.1%. This more moderate increase suggests that apartments are becoming an attractive option for those seeking more affordable housing in Beaumont.
The population of Beaumont has reached 15,000 residents, with a significant growth rate of 7.1%. This rapid population expansion can be attributed to Beaumont’s appeal as a small but vibrant community near major employment centers. As more people are drawn to the area, demand for housing is expected to remain strong, which may continue to pressure prices upward over time.
Investment Opportunities and Potential in Beaumont
The current market conditions present several investment opportunities in Beaumont’s real estate landscape. The steady growth in median house prices indicates that investing in residential properties could yield positive returns as the market continues its upward trajectory. With the population increasing rapidly, there is likely to be sustained demand for both rental and owner-occupied homes.
Apartments offer an interesting investment case due to their lower price point and smaller year-over-year price increase compared to houses. For investors looking to enter the real estate market at a more accessible level or cater to those seeking more affordable living options, apartments could provide both rental income and capital appreciation potential.
Given Beaumont’s population growth and economic prospects, new development projects could also represent lucrative investments. There may be opportunities for both residential and mixed-use developments designed to enhance the community’s infrastructure and meet the growing needs of its residents.
Future Market Outlook for Beaumont
The future market outlook for Beaumont appears optimistic. With an impressive population growth rate of 7.1%, it’s reasonable to anticipate continued demand for housing which should support real estate values into the foreseeable future. The sustained increase in house prices at a pace above inflation suggests confidence in the long-term desirability of Beaumont as a place to live.
However, investors and homebuyers should keep an eye on regional economic trends and potential changes in interest rates that could impact affordability and borrowing costs. In addition, as new housing supply comes onto the market responding to increased demand from population growth, this could moderate price increases.
In conclusion, while current trends point towards a healthy real estate market with ample investment opportunities in Beaumont, Alberta, stakeholders should maintain awareness of broader economic indicators that might influence future market dynamics.
