Blackfalds, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $605,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,575.0 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Blackfalds, Alberta, is currently experiencing steady growth. With a median house price of $495,000, the market has seen a 3.2% increase year-over-year, indicating a stable and growing demand for residential properties. Similarly, the median apartment price stands at $295,000, with a more modest but still positive trend of 2% appreciation year-over-year. This consistent upward movement in property values reflects a healthy market that is attracting homebuyers and investors alike.
The population of Blackfalds has reached approximately 15,500 residents, which has been growing at an impressive rate of 3.3%. This demographic trend suggests an increasing demand for housing and community amenities as more individuals and families settle in the area.
Investment Opportunities and Potential
Blackfalds presents attractive investment opportunities, particularly in the residential sector. Given the town’s population growth and escalating property values, there is potential for both capital gains and rental income for investors. The current trends suggest that investing in both houses and apartments can be fruitful.
The stability in house prices coupled with moderate increases suggest that investments in single-family homes could provide steady appreciation over time. Meanwhile, apartments offer a lower entry point for investment and are well-suited to meet the demands of smaller households or renters who may prefer more affordable and low-maintenance living options.
Future Market Outlook
The future outlook for the Blackfalds real estate market appears optimistic. With continued population growth projected at a strong 3.3%, demand for housing is expected to remain robust. The town’s economic prospects and quality of life are likely to attract more residents looking for affordable housing options outside major urban centers.
As long as these demographic trends continue, we can anticipate ongoing increases in property values though potentially at a gradual pace. Investors should note that while current patterns show steady growth, external economic factors can influence market dynamics. Nevertheless, Blackfalds remains an attractive location for those seeking both short-term returns through rental income and long-term investment through property appreciation.
