Deerhorn, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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
The real estate market in Deerhorn, Manitoba currently presents a stable environment with moderate growth. The median house price in the area is sitting at $485,000, reflecting a year-over-year increase of 3%. This steady uptick in housing prices is indicative of a healthy market that has been resilient to economic fluctuations.
Apartments in Deerhorn are also experiencing a positive trend with a median price of $295,000, which represents a 2.5% rise from the previous year. The consistency in growth between houses and apartments suggests a balanced demand across different housing options.
The population of Deerhorn stands at 15,000 residents with an impressive growth rate of 3.4%. This demographic expansion is likely contributing to the sustained demand for housing in the area and provides an underpinning support for real estate values.
Investment Opportunities and Potential
With both segments of the real estate market showing upward trends, Deerhorn offers compelling investment opportunities. The ongoing population growth coupled with rising property values creates an attractive proposition for investors looking for long-term capital appreciation.
Investors focusing on rental properties may find the apartment sector particularly interesting due to its lower entry price point and the growing population’s demand for rental accommodations. Moreover, as property values incrementally increase, there could be potential for both yield and equity gains.
Future Market Outlook
The future market outlook for Deerhorn remains optimistic. Assuming that current trends continue, driven by demographic growth and economic stability, we can anticipate further moderate increases in property values. The 3% annual growth rate for houses and 2.5% for apartments should provide investors with confidence in the stability of their asset appreciation over time.
However, it’s important to note that markets are subject to external influences and economic conditions. Therefore, while the current trajectory seems favorable, investors should remain informed about regional developments that could impact these trends.
