Faust, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 4.0% |
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 | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,300 |
Previous Population (2020) | 14,700 |
Population Change | 4.1% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.5 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Faust, Alberta, is currently experiencing a period of modest growth. With a median house price of $485,000 and an annual appreciation rate of 4%, the housing market is showing signs of steady upward momentum. This trend is mirrored in the apartment sector as well, where the median apartment price stands at $295,000, reflecting a slightly lower year-over-year price increase of 2.5%. The population growth rate of 4.08% suggests that the demand for housing is likely to remain robust due to incoming residents seeking accommodation.
Investment Opportunities and Potential
Prospective investors should consider Faust’s real estate market for several reasons. The consistent growth in house prices indicates a healthy market with potential for capital gains over time. Given the steady population increase, rental properties could offer sustained occupancy rates and rental yield stability. With apartment prices experiencing a more moderate rise, investment in this segment may appeal to those looking for more affordable entry points into the property market or diversification within their real estate portfolio.
Future Market Outlook
As we look ahead, Faust’s real estate market appears poised for continued growth. The solid population increase suggests that demand for housing will persist, potentially driving further price appreciation across both houses and apartments. However, investors should monitor economic indicators such as employment rates and infrastructure developments, as these factors can significantly impact future market conditions. Keeping abreast of local and national policy changes regarding property ownership and rental laws will also be crucial in assessing long-term investment viability.