Chathamkent, 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 (2025) | 15,000 |
| Previous Population (2020) | 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 Chatham-Kent, Ontario, is currently experiencing steady growth. The median house price in the region stands at $500,000, marking a year-over-year increase of 3.5%. This suggests a healthy demand for residential property and a competitive market for potential homebuyers. Furthermore, the median apartment price has reached $300,000, with a more moderate year-over-year appreciation of 2.1%. This differential growth rate indicates a slightly stronger interest in single-family homes compared to apartments.
The population of Chatham-Kent has grown to approximately 15,000 residents, with a notable population growth rate of 7.1%. This demographic expansion is likely contributing to the increased demand for housing in the area.
Investment Opportunities and Potential
Given the positive trends in property values, investing in Chatham-Kent’s real estate market could be promising. The solid growth in median house prices suggests that purchasing residential properties could yield appreciable capital gains over time. Additionally, the robust population growth signals potential for rental investments as well, as more individuals and families may be seeking homes for rent.
Investors should also consider diversifying their portfolios by exploring both single-family homes and apartments due to their respective price trends. While houses show stronger price growth and may offer larger long-term returns, apartments present an opportunity for entering the market at a lower initial investment point and may appeal to smaller households or those seeking more affordable housing options.
Future Market Outlook
The outlook for Chatham-Kent’s real estate market remains optimistic based on current data and trends. If the observed population growth continues alongside economic development in the area, it is reasonable to anticipate sustained or even increased demand for housing. Such demographic dynamics typically drive property values upward over time.
However, investors should remain cognizant of broader economic factors such as interest rates, employment rates, and regional industrial performance that could impact the real estate market’s trajectory. Monitoring these indicators will be crucial for making informed investment decisions moving forward.
In conclusion, Chatham-Kent presents an attractive market with healthy growth indicators. Continued analysis of local and national economic conditions will be essential to fully capitalize on potential investment opportunities in this burgeoning Ontario community.
