Franceville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $275,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,800 |
| Previous Population (2020) | 15,000 |
| Population Change | 5.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| 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 characterized by steady growth, as evidenced by recent data. The median house price currently stands at $550,000, reflecting a year-over-year increase of 4.2%. This consistent upward trend suggests a strong demand for residential properties and a robust housing market.
Similarly, the apartment sector has experienced growth with the median apartment price reaching $320,000, which is a 2.5% increase from the previous year. The apartment market’s more moderate price appreciation indicates a potentially more accessible entry point for first-time buyers and investors alike.
Underpinning these positive trends is Franceville’s population growth of 5.3%, indicating an expanding community that is likely contributing to the demand for housing. This demographic shift suggests sustained pressure on the local housing stock, which may continue to drive market dynamics favorably for sellers.
Investment Opportunities and Potential in Franceville’s Real Estate Market
Investors looking to capitalize on Franceville’s real estate market can find opportunities in both the single-family home and apartment sectors. The observed steady increase in property values across both markets denotes a healthy investment environment with potential for capital gains over time.
The population growth further bolsters the case for investment, implying an increasing demand for rental properties. Investors may benefit from purchasing properties to cater to new residents seeking rental accommodations, potentially leading to favorable rental yields and long-term property value appreciation.
Additionally, with house prices outpacing apartment prices in terms of annual percentage growth, there may be untapped potential in the apartment market for investors seeking lower entry points and diversification within their real estate portfolios.
Future Market Outlook for Franceville’s Real Estate
The future outlook for Franceville’s real estate market appears positive. Continued population growth could maintain or even increase the demand for housing in the region. Assuming economic conditions remain stable and supportive of the current trajectory, both the single-family home and apartment markets are poised to sustain their growth trends.
The year-over-year price increases indicate a market that has not yet reached a plateau, suggesting room for further expansion. However, prospective buyers and investors should monitor economic indicators such as employment rates, interest rate changes, and regional development plans, as these factors could significantly influence future market conditions.
In conclusion, Franceville presents an appealing environment for potential homebuyers and investors. With thoughtful consideration of long-term goals and ongoing monitoring of market indicators, stakeholders can make informed decisions within this active and growing real estate landscape.
