Foxboro, 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
Current Market Conditions and Trends
The real estate market in Foxboro, Ontario, currently exhibits steady growth with the median house price standing at $500,000, reflecting a year-over-year increase of 3.5%. This growth rate indicates a healthy demand for single-family homes in the area, which can be attributed to the town’s appealing small-town charm coupled with accessibility to larger economic hubs. Meanwhile, the apartment market is showing a more modest increase with a median price of $300,000 and a growth trend of 2.1% year-over-year. This could suggest a slightly softer demand for multi-family units compared to detached homes but still reflects a positive sentiment among investors and homebuyers.
Investment Opportunities and Potential
Foxboro’s real estate market presents several compelling investment opportunities. Given the population growth rate of 7.1%, there is an emerging demand for both rental and owner-occupied housing. Investors might find potential in flipping older homes or developing new residential projects to meet this increasing need. The consistent rise in property values provides a favorable environment for long-term capital appreciation. Additionally, the lower entry point for apartments at $300,000 offers an accessible option for first-time investors looking to capitalize on the growing demand for rental properties among smaller households or professionals migrating to Foxboro.
Future Market Outlook
The outlook for Foxboro’s real estate market remains optimistic as population trends continue upward. The sustained growth in property values suggests that the market is likely to remain buoyant in the foreseeable future. Infrastructure developments and community investments are expected to further enhance the attractiveness of Foxboro as a place to live and invest in. However, investors should monitor economic indicators and stay informed about local planning decisions that may impact the market dynamics. It will be essential for stakeholders to balance development with sustainability to maintain long-term growth and stability in property values.
