Croton, 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
1. Current Market Conditions and Trends
The real estate market in Croton, Ontario is currently experiencing steady growth. With a median house price of $500,000, the market has seen a healthy increase of 3.5% year-over-year. This trend indicates a stable environment for homeowners and a reliable appreciation of property values for investors.
Similarly, the median apartment price stands at $300,000 with a gentler yet positive trend of 2.1% year-over-year growth. The consistent growth in both sectors suggests that Croton’s real estate is on an upward trajectory.
Further bolstering this view is Croton’s population growth rate of 7.1%, which is significantly higher than the national average. This burgeoning population indicates increased demand for housing and can be seen as a driver for the continued appreciation of real estate values in the area.
2. Investment Opportunities and Potential
The positive trends in Croton’s housing and apartment markets signal lucrative investment opportunities. Properties are appreciating at a sustainable rate, offering potential for capital gains over time.
For investors looking to enter the rental market, the growing population—which may include newcomers to the area seeking employment or education—could lead to higher demand for rental properties. This could result in favorable rental yields and lower vacancy rates.
The consistent growth in property values also suggests that long-term investments in Croton real estate could be particularly promising, with single-family homes and apartments both being viable options depending on the investor’s financial capacity and strategic preferences.
3. Future Market Outlook
The future outlook for Croton’s real estate market remains optimistic. Assuming current economic conditions persist, the steady increase in property values is likely to continue. The robust population growth serves as a key indicator that demand for housing will remain strong, further supporting price stability and potential appreciation.
In addition to residential growth, if there are any developments in local infrastructure or economic drivers that suggest an influx of jobs or improvements in quality of life, we can expect these factors to positively influence the real estate market further.
As with any investment, potential risks such as economic downturns or changes in government policies should be considered. However, given Croton’s current trajectory and underlying fundamentals, the local real estate market presents itself as an attractive option for investors seeking moderate risk with reliable growth prospects.
