Culloden, 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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Culloden, Ontario real estate market currently exhibits stable growth with the median house price standing at $500,000, which marks a year-over-year increase of 3.5%. This consistent appreciation in house values indicates a healthy demand in the area’s housing sector. Similarly, apartments have seen a more modest year-over-year price increase of 2.1%, with the median apartment price now at $300,000. The population of Culloden has reached approximately 15,000 residents, with an impressive growth rate of 7.1%, suggesting a burgeoning community that could continue to stimulate housing demand.
Investment Opportunities and Potential
The current trajectory of Culloden’s real estate market presents several investment opportunities. With house prices growing at a steady pace above the national average, purchasing residential property now could result in significant capital gains for investors in the medium to long term. The relatively lower price point for apartments compared to houses offers an accessible entry into the market for new investors or those looking for rental income properties. Considering the robust population growth, demand for rental accommodations is likely to increase, potentially driving up rental yields and ensuring good occupancy rates.
Future Market Outlook
Looking forward, Culloden’s real estate market appears poised for continued growth. The solid population increase suggests sustained demand for housing, which should keep pushing property values upwards. Assuming no major economic disruptions occur and the local job market remains stable, the attractiveness of Culloden as a place to live and invest should maintain upward pressure on both house and apartment prices. However, investors and homebuyers should keep an eye on regional economic trends, interest rates, and government housing policies as these factors can significantly influence market dynamics.
