Frankford, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $525,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| 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 | $450,000 |
| 3 bedrooms | $525,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
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 Frankford, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $525,000, which marks a year-over-year increase of 4%. This indicates a healthy demand for single-family homes in the region, possibly driven by both local upgraders and new entrants to the market. On the other hand, apartments are slightly less dynamic with a median price of $320,000 and a more moderate appreciation of 2.5% over the same period.
The population of Frankford has been growing at a rate of 3.3%, which is robust compared to many other communities. This growth can be attributed to factors such as the town’s attractive lifestyle offerings, affordability when compared to major urban centers, and its appeal to individuals seeking a blend of rural and suburban living.
Investment Opportunities and Potential
The current trends suggest that Frankford represents an appealing opportunity for real estate investors. The steady increase in property values reflects ongoing demand. Single-family homes show particularly strong year-over-year growth, which may indicate a higher potential for capital gains for investors targeting this segment.
Apartments offer a more affordable entry point into the market and could be attractive for rental investors given the population growth. Rental demand is likely to rise along with the population, potentially leading to increased rental yields over time.
Investors should also consider the implications of demographic trends, such as any influx of young families or professionals, which might influence demand for specific types of properties or amenities. As Frankford continues to grow, there may also be opportunities in developing new housing projects or renovating existing properties to cater to changing consumer preferences.
Future Market Outlook
The outlook for Frankford’s real estate market remains positive. With a consistent population growth rate exceeding 3%, there is an ongoing need for housing which should underpin property values. Assuming no significant economic disruptions occur, the market is poised for continued growth at a stable pace.
However, investors and homebuyers should monitor local economic conditions and infrastructure developments as these factors can impact long-term property values. Additionally, it would be prudent to stay informed about broader provincial and national economic trends that could affect interest rates and borrowing costs.
In summary, Frankford offers promising prospects for both residential living and real estate investment amid growing population and rising property prices. Prudent investments aligned with market trends have the potential to yield favorable returns over time.
