Cowan, Manitoba 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 Cowan, Manitoba is currently characterized by a stable growth pattern. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the housing sector indicates healthy demand and reasonable appreciation rates. Similarly, apartments have experienced a growth trend with a median price point of $300,000 and a 2.1% increase over the past year.
The population of Cowan has reached 15,000 residents, showcasing a robust growth rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing in the area. The steady growth in property values suggests a balanced market that is neither overheating nor experiencing a downturn.
Investment Opportunities and Potential
For investors looking into the Cowan real estate market, both residential properties and apartments present appealing investment opportunities. Given the consistent rise in property values, long-term capital gains are a viable expectation. Rental properties also offer potential due to the growing population, which may lead to increased rental demand.
Investors should consider both the current yield on rental properties and the potential for future appreciation in property values. With the market showing moderate but steady growth, investments made now could benefit from continued community expansion and economic development.
Future Market Outlook
The outlook for Cowan’s real estate market appears positive based on current trends and demographic data. Assuming that the population continues to grow at or near the current rate of 7.1%, housing demand is expected to remain strong. This bodes well for both property owners and investors who can anticipate sustained or potentially increasing property values.
As with any investment, potential risks such as economic shifts or changes in local industry must be considered. However, barring unforeseen circumstances, Cowan’s real estate market should continue to provide solid opportunities for investment and homeownership.
