Cayuga, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.1% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.4% |
| 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 is currently experiencing steady growth. The median house price in the area is $525,000, reflecting a year-over-year increase of 4.1%. This consistent uptick indicates a healthy demand for single-family homes, which are attracting both local buyers and those from outside regions looking for more spacious living options. The apartment sector is also showing positive movement, with the median price sitting at $320,000 and an annual growth rate of 2.4%. This suggests that smaller housing units are becoming more appealing, perhaps due to affordability or a rising interest in low-maintenance living.
Investment Opportunities and Potential
The current trends in Cayuga’s real estate market reveal promising opportunities for investors. Single-family homes have shown stronger appreciation, which may appeal to investors looking for long-term capital gains. With the median house price appreciating over 4% annually, there is potential for solid returns on investments made in residential properties.
Apartments are also emerging as a viable investment option due to their lower entry price and steady appreciation. As more individuals seek affordable housing solutions or downsize from larger homes, the demand for apartments could further increase. Investors might consider this segment of the market for rental income prospects.
The population growth of 3.3% in Cayuga signals an expanding market that could drive further housing demand. As more people move into the area seeking employment opportunities or a quieter lifestyle away from urban centers, both rental and sale markets could benefit.
Future Market Outlook
The future real estate market outlook for Cayuga is optimistic. Population growth continues to be robust at 3.3%, which will likely lead to sustained demand for housing. Assuming similar economic conditions prevail, we can expect a continual rise in property values across both houses and apartments.
The trend towards remote work and desire for more space may persist beyond the immediate future, potentially fueling ongoing interest in areas like Cayuga that offer a balanced lifestyle away from larger cities.
In summary, Cayuga represents a stable market with potential for growth fueled by population increases and lifestyle shifts. Investors should keep an eye on infrastructure developments and local economic indicators as they consider long-term investments in this region.
