Cayuga, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Cayuga, Ontario
The real estate market in Cayuga, Ontario, currently presents a stable environment with moderate growth. The median house price stands at $525,000, exhibiting a solid year-over-year increase of 4%. This indicates a consistent demand for housing in the area, with prices reflecting a steady appreciation in property values. As for the apartment sector, the median price is currently set at $310,000. The market for apartments is growing at a slightly more conservative pace compared to houses with a 2.5% year-over-year trend.
Cayuga’s population has been on the rise as well, with a growth rate of 3.3%. This influx of new residents has likely contributed to the demand for housing and can be seen as a driving factor behind the continuous rise in property values. With an increasing population and healthy price trends, Cayuga’s real estate market maintains an upward trajectory but remains accessible compared to larger urban centers.
Investment Opportunities and Potential in Cayuga
Investors considering Cayuga for real estate opportunities would find potential in both residential housing and apartment markets. The steady growth in median house prices suggests that investments in standalone properties could yield solid returns over time. Similarly, the apartment sector’s growth, while more modest, still offers investment potential given the town’s expanding population and demand for diverse housing options.
The positive trend in population growth supports the notion that there will be an ongoing need for rental properties, making buy-to-let investments particularly attractive. Additionally, given that the price increases are not exorbitant, there is room for first-time investors to enter the market without facing prohibitive costs.
Future Market Outlook for Cayuga
Looking ahead, the real estate market in Cayuga appears poised for continued growth. Factors such as sustained population increase and consistent economic stability bode well for both residential and apartment markets. Assuming current trends persist, future property values are likely to maintain their upward trajectory albeit at a measured pace which reduces the risk of sudden market corrections.
The investment climate is promising due to these factors coupled with relatively affordable entry points when compared to larger cities. For those looking to invest or settle in Cayuga, market conditions suggest a favorable balance between affordability and potential for appreciation over time.
In conclusion, Cayuga offers a resilient real estate market characterized by gradual growth and sound investment opportunities underpinned by demographic expansion and economic steadiness.
