Edgerton, Alberta 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
Current Market Conditions and Trends
In Edgerton, Alberta, the real estate market is experiencing steady growth. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This increment is indicative of a healthy demand for single-family homes in the area. The apartment market is also showing positive momentum, with a median price point of $300,000 and an annual growth rate of 2.1%. Given these figures, the Edgerton market is maintaining a consistent upward trajectory.
The population growth of 7.1%, with a current population of 15,000, suggests that the town is attracting new residents at a considerable rate. This influx is likely to be driving the housing demand and contributing to the gradual price increases observed in both housing segments.
Investment Opportunities and Potential
With the ongoing population growth and corresponding rise in housing demand, Edgerton offers promising investment opportunities. Investors looking to capitalize on single-family homes can expect continued appreciation based on the current trend. Similarly, apartments present an attractive entry point for those seeking lower investment thresholds with the median price at $300,000. Rental demand is expected to remain robust due to population increase, which may lead to favorable rental yields for income-focused investors.
The current stability in price growth suggests that investments in Edgerton are less speculative and more grounded in organic growth factors such as population expansion and local economic health. Additionally, given that the increases are moderate rather than overly inflated, there is less risk of a sudden market correction.
Future Market Outlook
The future outlook for Edgerton’s real estate market remains optimistic. Assuming that current trends continue, both sectors—houses and apartments—are expected to see sustained appreciation rates. The strong population growth rate points towards sustained demand, which should underpin property values.
If Edgerton continues to attract new residents at its current pace and manages to expand its local economy correspondingly, the real estate market should maintain its upward momentum. However, potential investors and homeowners should also monitor external economic factors such as interest rates and employment levels in Alberta as they could impact affordability and consequently influence Edgerton’s real estate dynamics.
In conclusion, Edgerton presents itself as an appealing locale for both residential living and real estate investment opportunities. Its growing populace paired with sensible property appreciation rates lays down a solid foundation for future market optimism.
