Deerhorn, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 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) | 15,500 |
| 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 Deerhorn, Manitoba, the real estate market is currently experiencing a steady growth in property values. The median house price stands at $510,000, with a year-over-year increase of 4%. This suggests a stable market with consistent demand for housing. Similarly, the median apartment price is $315,000, with a slightly lower year-over-year growth rate of 2.5%. These figures illustrate an ongoing appreciation in property values but at a sustainable pace.
The population of Deerhorn has reached 15,500 residents and is growing at an annual rate of 3.3%. This above-average population growth is likely fueling housing demand, contributing to the positive pricing trends observed in both the house and apartment markets.
Investment Opportunities and Potential
The consistent rise in property values indicates that Deerhorn represents a solid opportunity for real estate investors seeking capital gains. The relatively high rate of population growth further enhances the potential for rental properties to generate stable income streams. Investors should consider single-family homes due to their greater appreciation rate (4%), while apartments offer a more accessible entry point into the market with their lower median price point.
Given the current trends, areas within Deerhorn that are undergoing development or revitalization may present particularly attractive investment opportunities. Investors should also monitor infrastructure projects or commercial developments that could enhance property values in their vicinity.
Future Market Outlook
The future market outlook for Deerhorn’s real estate appears optimistic based on current trends and demographic indicators. If the population continues to grow at its current rate, demand for housing is expected to remain robust. The steady increase in property values points towards a balanced market without signs of overheating.
However, investors and homebuyers should stay informed about local economic factors, changes in interest rates, and national housing policies that could impact market conditions. A proactive approach to understanding long-term trends will be key to navigating Deerhorn’s real estate landscape effectively.
