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
In Foxboro, Ontario, the real estate market is currently characterized by a steady growth in property values. The median house price in the region stands at $500,000, which has seen a 3.5% year-over-year increase. This suggests a healthy demand for single-family homes and a competitive market environment. Similarly, apartments are also experiencing growth, albeit at a slower pace, with a median price of $300,000 and an annual appreciation of 2.1%. The population of Foxboro has reached 15,000 residents, with a notable growth rate of 7.1%, indicating an influx of new residents and potential for an expanding housing market.
Investment Opportunities and Potential
The current trends in Foxboro point to promising investment opportunities within the real estate sector. The consistent appreciation in house prices reflects a stable investment climate for single-family homes. Given that the population is growing robustly at 7.1%, there is likely to be continued demand for housing, which should sustain or potentially increase the current price trends. Additionally, apartments present an opportunity for investors targeting more affordable segments of the market or looking to provide rental accommodations to newcomers and residents who prefer not to purchase property outright.
Future Market Outlook
The future outlook for Foxboro’s real estate market remains optimistic based on current data. The ongoing population growth will likely fuel demand for both houses and apartments. If the economic conditions remain favorable and the population growth continues at its current rate or higher, we can expect further development in the housing sector and potentially greater returns on real estate investments. Investors and potential homeowners should remain cautiously optimistic but aware of economic indicators that may affect market conditions such as interest rates, employment rates, and regional economic policies.
