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Enfield, 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) 1.5
Land Area (km²) 2,500.5

Market Analysis





Enfield, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

In Enfield, Ontario, the real estate market is currently experiencing a period of moderate growth. The median house price in the area stands at $500,000, which represents a year-over-year increase of 3.5%. This suggests a stable market with consistent demand for housing. Similarly, apartments in Enfield are showing a positive trend, with a median price of $300,000 and an annual price growth of 2.1%. These figures indicate that while houses are appreciating slightly faster than apartments, both sectors of the market are growing steadily.

The population of Enfield has reached approximately 15,000 residents, with a robust population growth rate of 7.1%. This growth can be attributed to Enfield’s attractiveness to new residents seeking affordable housing options outside major urban centers, as well as its potential for economic development.

Investment Opportunities and Potential

The current trends in Enfield suggest that there are investment opportunities for both residential properties and rental units. The steady increase in property values coupled with significant population growth creates an environment ripe for real estate investment. Investors might consider purchasing single-family homes to capitalize on the stronger appreciation rate or investing in apartment units that could cater to the growing number of people moving to the area.

Given the market’s consistent growth patterns, long-term investments look particularly promising. Rental properties may also offer reliable income streams due to increased demand from new residents. Furthermore, as the town continues to grow and attract a larger workforce, there could be opportunities for developing commercial real estate to support local businesses.

Future Market Outlook

The future outlook for the Enfield real estate market appears optimistic. With a continuing population increase and sustained demand for housing, it is reasonable to predict that property prices will keep rising steadily over the next few years. The 3.5% year-over-year growth rate for houses should provide confidence to potential investors looking for capital gains.

Apartments may become particularly attractive as more people seek affordable living options within commuting distance of larger cities. As long as the local economy remains stable and continues to provide job opportunities, we can expect ongoing interest in both residential and commercial real estate investments.

In summary, the combination of strong population growth and consistent property appreciation suggests that Enfield’s real estate market will remain buoyant. However, investors should continue to monitor economic indicators closely to make informed decisions amidst changing market conditions.