Cobden, 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 in Cobden, Ontario
As of the latest data, Cobden, Ontario’s real estate market demonstrates a period of steady growth. The median house price in the region stands at $500,000, which marks a year-over-year increase of 3.5%. This consistent upward trend is indicative of a healthy demand for single-family homes. In contrast, the median apartment price is currently $300,000, with a slightly lower growth rate of 2.1% year-over-year.
The population in Cobden has seen an impressive growth of 7.1%, suggesting an expanding local economy and potentially increased demand for housing. This population increase may be a driving factor behind the solid appreciation rates witnessed across both housing sectors.
Investment Opportunities and Potential in Cobden, Ontario
Cobden’s real estate market offers promising investment opportunities, particularly within the residential sector. Single-family homes present a robust investment case with their higher appreciation rate of 3.5%. Investors could anticipate favorable long-term capital gains given this steady upward pricing trajectory.
The apartment sector also presents potential for investors, particularly those looking for more affordable entry points into the real estate market or seeking to cater to individuals or smaller households who may be drawn to apartment living. The positive albeit slower growth rate still indicates a stable investment environment with room for yield generation.
Future Market Outlook for Cobden, Ontario
Looking ahead, the future market outlook for Cobden is cautiously optimistic. With a significant population increase and ongoing housing price appreciation, it is likely that demand will continue to support real estate prices in the near term.
However, investors and stakeholders should monitor local economic factors and national monetary policies that could affect mortgage rates and borrowing costs. These larger economic considerations will play a crucial role in shaping the future trajectory of Cobden’s housing market.
