Culloden, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Culloden, Ontario
The real estate market in Culloden, Ontario, is currently characterized by steady growth. The median house price stands at $525,000, which reflects a year-over-year increase of 4%. This suggests a healthy demand for housing, with a moderate appreciation rate that indicates both stability and confidence in the market. Similarly, the median apartment price has seen a growth of 2.8% over the past year, reaching $320,000.
Coupled with the population growth of 3.3%, which brings the total population to 15,500 residents, these statistics point towards an expanding community with increasing housing needs. The consistent population rise may contribute to sustained demand for housing, both in sales and rentals. This demographic trend is often accompanied by new developments and infrastructure investments that can further stimulate local real estate markets.
Investment Opportunities and Potential in Culloden
Investors considering Culloden’s real estate market have several promising opportunities. The current trends suggest that properties are appreciating at a stable rate. For those looking to invest in residential properties, the house and apartment price trends offer potential for capital gains over time.
Given the population growth rate of 3.3%, there is also potential for rental investments to meet the increasing demand for housing. Investors could benefit from both long-term equity growth and rental income streams. Moreover, as the community expands and attracts more residents, there could be untapped opportunities in commercial real estate to provide services and amenities needed by the growing population.
Future Market Outlook for Culloden Real Estate
The future outlook for Culloden’s real estate market appears optimistic. The continuous population growth serves as a positive indicator for ongoing demand in housing. If current trends persist, investors can expect to see further gradual appreciation in property values over time.
As long as economic conditions remain favorable and interest rates conducive to mortgage affordability, Culloden’s market should maintain its momentum. However, potential investors should remain vigilant about macroeconomic factors that could influence local markets such as employment rates, migration patterns, and government policies affecting homeownership.
In conclusion, while no investment is without risk, Culloden offers both stability and potential for those looking to enter the real estate market or expand their portfolio within it.
