Frankford, 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
1. Current Market Conditions and Trends
The real estate market in Frankford, Ontario, currently exhibits signs of steady growth and sustainability. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy upward momentum. Similarly, the median apartment price stands at $300,000, having risen by 2.1% over the past year. This growth can be partly attributed to Frankford’s increasing population, which has seen a significant rise of 7.1%. The demand for housing is likely being driven by this demographic shift, resulting in a competitive market environment for both potential homeowners and investors.
2. Investment Opportunities and Potential
Investors considering Frankford’s real estate market have several opportunities to explore. The consistent growth in property values indicates a stable investment climate with the potential for capital gains over time. Single-family homes, given their higher year-over-year price increase compared to apartments, may offer more substantial returns in the long run. However, apartments could be an attractive option for those looking to invest in rental properties, especially considering the town’s growing population and potential demand for rental units from individuals or small families who may not be ready to purchase property.
3. Future Market Outlook
The future outlook for the Frankford real estate market appears positive. The continued population growth suggests that demand for housing will remain strong, potentially leading to further price increases unless there is a significant increase in supply. Developers and investors could benefit from this situation by contributing to new housing projects that would cater to the needs of the expanding community. However, it is crucial for stakeholders to monitor economic factors such as employment rates and interest rates that could affect purchasing power and borrowing costs, which in turn might impact the real estate market’s trajectory.
