Benton, New Brunswick 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 Benton, New Brunswick, is experiencing a steady growth with the median house price currently standing at $500,000, reflecting a year-over-year increase of 3.5%. This gradual appreciation indicates a stable market environment that has been attracting homebuyers looking for long-term value. Meanwhile, the median apartment price is positioned at $300,000 with a slightly lower growth rate of 2.1% year-over-year. The diverse property types cater to different market segments, ensuring that both family homes and more manageable apartments are gaining value at a healthy pace.
With a population of 15,000 and a robust growth rate of 7.1%, Benton’s demographic trends suggest an increasing demand for housing. This population influx is likely supporting the real estate market’s resilience and contributing to the consistent rise in property values. Additionally, the demographic shift may be indicative of Benton’s economic stability or prospects that are drawing new residents.
Investment Opportunities and Potential
Given the current trajectory of Benton’s real estate market, investment opportunities are promising. The sustained increase in property values provides investors with the potential for capital gains over time. Moreover, the strong population growth opens up possibilities for rental properties to cater to new residents who may be looking for transitional housing before purchasing their own homes.
For investors focused on long-term growth, single-family homes present an attractive option due to their higher appreciation rate compared to apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the real estate market and appeal to individuals and smaller households. Both property types benefit from Benton’s growing population and its associated demand for housing.
Future Market Outlook
The future market outlook for Benton appears optimistic. With sustained population growth and steady increases in property prices, there is an expectation that the real estate market will continue on its upward trend. The current economic conditions and housing demand patterns suggest that Benton will maintain its momentum as an appealing destination for both homebuyers and investors.
However, prospective investors should remain vigilant about broader economic factors that could impact interest rates, employment stability, and overall affordability in the region. Monitoring these variables will be crucial in anticipating any shifts in market dynamics. Nevertheless, as it stands, Benton’s real estate market holds positive prospects for those looking to invest or establish roots in this New Brunswick community.
