Franceville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Franceville, Ontario
The real estate market in Franceville, Ontario, is experiencing a period of steady growth with a year-over-year increase of 4.2% in median house prices, now standing at $525,000. This trend suggests a healthy demand in the housing sector. Similarly, the median apartment price has seen a slightly more modest growth of 2.9% year-over-year, currently priced at $320,000. These trends reflect a balanced market that is growing consistently with the economic conditions of the area.
With an expanding population that has grown by 3.3% to reach 15,500 residents, Franceville’s real estate market is benefitting from an increase in potential homebuyers and renters. This demographic trend is an indicator of continued demand for housing as the town attracts new residents due to its amenities, job opportunities, or other factors that make it a desirable place to live.
Investment Opportunities and Potential in Franceville
The consistent growth in property values indicates that Franceville holds promising investment opportunities. The steady increase in housing prices points to a strong potential for capital gains for those investing in residential properties. Furthermore, the ongoing population growth implies an enduring demand for rental properties, making the purchase of apartments for rental purposes an attractive prospect for investors seeking steady cash flows.
Given the current market conditions, investing in Franceville’s real estate could be particularly appealing to those looking to diversify their portfolio into a growing market with lower risk profiles than larger urban centers. As the local economy continues to grow and attract more residents, investors can expect both property appreciation and rental income stability.
Future Market Outlook for Franceville Real Estate
The future outlook of Franceville’s real estate market remains positive. The consistent population growth serves as a fundamental driver for housing demand which is likely to support further increases in property values and rental rates. As long as the population continues to rise at healthy rates and the local economy provides employment opportunities, the real estate market should maintain its upward trajectory.
An important aspect to monitor would be the town’s infrastructure development and policy changes that could impact property values either positively or negatively. However, given current trends and data, Franceville appears poised for sustained growth over the medium to long term. Investors and homeowners alike can approach this market with a degree of confidence based on its recent performance and future potential.
In summary, based on the provided statistics and market dynamics, Franceville presents itself as an attractive location for both residential living and real estate investment opportunities with positive indicators looking forward.
