Brownsville, 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
The real estate market in Brownsville, Ontario is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This demonstrates a stable appreciation in property values, indicating a healthy demand for homes in the area. The median apartment price is also on the rise, currently at $300,000 and increasing at a slightly lesser rate of 2.1% compared to houses.
Given the population of 15,000 which has grown by 7.1%, there is evidence of a burgeoning community that is likely fueling housing demands. The growth suggests an influx of residents, either due to local economic opportunities or the appeal of Brownsville as a residential option within commuting distance to larger employment centers.
Investment Opportunities and Potential
For investors, Brownsville’s real estate market offers promising potential. The consistent upward trend in house and apartment prices implies that investments made today could yield positive returns through capital appreciation over time. Moreover, the robust population growth signals a rising demand for housing which could benefit landlords and developers in terms of both rental income and occupancy rates.
In addition to long-term property holdings, Brownsville may also offer opportunities for flipping properties given the steady increase in home values. Investors looking to engage in short-term real estate projects might find this market conducive to such strategies.
Future Market Outlook
Looking forward, the Brownsville real estate market shows signs of continued strength. The sustained increase in population coupled with current trends suggests that demand for housing will remain robust. If these demographic and economic trends hold, we can expect ongoing appreciation in property values which bodes well for homeowners and investors alike.
However, as with any investment, it’s essential to consider potential risks such as economic downturns or shifts in the local job market which could affect housing demand. Nonetheless, given current indicators, the future market outlook for Brownsville remains positive.
