Blairhampton, Ontario 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Blairhampton, Ontario
As of the latest data, Blairhampton’s real estate market is experiencing steady growth. The median house price in the area stands at $500,000, representing a year-over-year increase of 3.5%. This suggests a stable and growing demand for single-family homes. In contrast, the median apartment price is currently $300,000, with a slightly slower growth rate of 2.1% over the same period. Such figures indicate consistent yet more modest appreciation in the apartment sector.
The local population has reached 15,000 residents, with a significant growth rate of 7.1%, which is considerably above the national average. This demographic expansion is likely contributing to the increased housing demand and could be indicative of a robust local economy attracting new residents.
Investment Opportunities and Potential in Blairhampton
Given Blairhampton’s population surge and steady property value appreciation, real estate investment opportunities are particularly promising. The single-family home segment presents potential for higher capital gains due to its stronger growth trend. Investors should consider this market for both long-term equity growth and rental income prospects.
On the other hand, apartments offer a more accessible entry point for investors, with a lower median price point at $300,000. While the appreciation rate is slower compared to houses, apartments might yield consistent rental demand due to affordability factors and appeal to smaller households or individuals moving into Blairhampton.
Future Market Outlook for Blairhampton
The future outlook for Blairhampton’s real estate market remains optimistic. The robust population increase suggests sustained demand for housing in the foreseeable future. Moreover, if economic conditions remain favorable and attract further migration into the area, one can expect continued upward pressure on both property values and rental rates.
Investors and homebuyers should monitor potential infrastructure developments or changes in local industry that could further bolster market growth. However, it is also important to stay aware of broader economic factors that might influence interest rates or mortgage accessibility, as these can impact buyer sentiment and affordability.
