Cobourg, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $440,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cobourg, Ontario is currently exhibiting steady growth. With a median house price of $510,000 representing a year-over-year increase of 4%, the housing market is showing resilience despite economic fluctuations. Apartments in Cobourg are also appreciating, albeit at a slightly slower pace, with a median price of $315,000 that has risen by 2.5% over the past year. This growth is consistent with the town’s population expansion of 1.3%, indicating healthy demand for housing in the area.
Investment Opportunities and Potential
Cobourg presents various investment opportunities for both residential properties and rental markets. The consistent increase in property values suggests a stable market where investors can expect gradual appreciation of asset value over time. Given the town’s population growth and its appeal as a desirable location for both retirees and young families, there is potential for rental properties to yield significant returns. The current trends suggest that investing in apartments could be particularly attractive due to their lower entry price point and the growing demand for more affordable housing options.
Future Market Outlook
The future market outlook for Cobourg remains optimistic. The steady population growth paired with a manageable increase in property prices points towards continued demand and sustainable growth. Cobourg’s proximity to larger urban centers like Toronto, combined with its charming small-town appeal, positions it as an attractive option for those looking to escape the hustle of city life without relinquishing access to urban amenities. Assuming similar economic conditions persist, Cobourg’s real estate market is poised to maintain its upward trajectory, making it an appealing location for both homebuyers and investors alike.
