Bodo, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.3% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $605,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Bodo, Alberta is currently experiencing moderate growth. With a median house price of $495,000 and an annual appreciation trend of 4%, the market is showing healthy signs of expansion. This rate of increase suggests a stable investment environment without the volatility seen in some overheated markets.
Similarly, the median apartment price stands at $295,000 with a slightly lower year-over-year growth rate of 2.3%. This indicates a consistent demand for more affordable housing options and could signal a robust rental market for investors looking into apartment complexes or condominiums.
The population of Bodo has risen to 15,500 with a growth rate of 3.3%. Such demographic trends are likely to sustain demand for housing in both the purchase and rental segments. The steady population increase can also be viewed as a positive indicator of the local economy’s health and vitality.
Investment Opportunities and Potential
Considering the current market data, Bodo presents several promising avenues for real estate investment. The continuous rise in house prices points to a solid opportunity for capital gains over the medium to long term. Investors could benefit from acquiring single-family homes that appeal to the area’s growing population seeking homeownership.
Apartments represent an attractive investment potential as well, given their lower price point and smaller year-over-year increase compared to houses. The current trends suggest that apartments may offer better yields on rental income, particularly as more people move into the region seeking employment or more affordable living conditions.
Furthermore, new development projects tailored to the needs of an expanding population could also be lucrative. These might include mixed-use developments that combine residential units with commercial spaces, catering to both newcomers and existing residents seeking convenience.
Future Market Outlook
The future real estate market outlook for Bodo remains optimistic given the steady growth patterns observed. If the local economy continues to thrive and supports further population growth, demand for housing is likely to persist, sustaining property value increases.
The sustained growth in median house prices alongside stable increments in apartment costs suggests that Bodo’s market is not subject to speculative bubbles but rather underpinned by genuine demand. This bodes well for long-term investment stability.
However, investors should stay informed about regional economic developments and infrastructure projects that could impact property values. Diversifying investments across different types of properties may also mitigate risks associated with any unforeseen market shifts.
