Fairford, Manitoba 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 Fairford, Manitoba, the real estate market is currently experiencing consistent growth. The median house price stands at $500,000, with a year-over-year appreciation of 3.5%. This indicates a healthy demand for single-family homes in the area. Apartments are also seeing a positive trend with the median price at $300,000, growing at a slower yet steady rate of 2.1% year-over-year. The population of Fairford has reached approximately 15,000 residents, with a significant growth rate of 7.1%, suggesting an expanding community that could drive further housing demand.
Investment Opportunities and Potential
The investment landscape in Fairford is promising due to the sustained increase in property values and population growth. Investors looking to tap into the residential market may find opportunities in both the house and apartment sectors. Given the stronger growth rate in house prices, equity gains may be more substantial in this segment over time. However, apartments offer a lower entry point for investment and may appeal to those seeking rental income properties, particularly as the population expands and potentially more people look for affordable living options.
Future Market Outlook
Moving forward, the market outlook for Fairford remains optimistic. Population growth is one of the key drivers for real estate demand, and with a 7.1% increase, it suggests a burgeoning market with potential for new developments and investments. If current trends persist, property prices are expected to continue their upward trajectory, albeit potentially at different rates for houses and apartments. Investors should monitor local economic factors and consider long-term trends when making decisions but may remain cautiously optimistic about the continued health of Fairford’s real estate market.
