Frankville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $540,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $320,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $540,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $270,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Frankville, Ontario is currently experiencing steady growth. With a median house price of $540,000 and a year-over-year increase of 4.2%, the market is showing healthy appreciation rates that are reflective of consumer confidence and demand. Similarly, the median apartment price stands at $320,000, which has risen by 1.5% from the previous year. These incremental trends suggest a stable and growing housing market.
The population of Frankville has also seen significant growth, with a 3.3% increase, indicating an expanding community and a potential increase in housing demand. This demographic trend can lead to a more vibrant real estate market as more people seek to buy homes in the area.
Investment Opportunities and Potential
Given the steady rise in property values and the growing population, Frankville presents several attractive investment opportunities. The consistent growth in median house prices implies that purchasing residential properties could yield substantial long-term capital gains for investors. Similarly, investing in apartments could also be advantageous due to their lower entry price point and the increasing demand for rental properties among those who prefer more affordable or temporary housing solutions.
Moreover, the population growth suggests that there may be untapped potential in developing new housing projects or renovating existing properties to cater to the influx of residents seeking quality housing options.
Future Market Outlook
The future outlook for Frankville’s real estate market appears promising. Assuming current trends continue, property values are likely to maintain an upward trajectory due to sustained demand fueled by population growth. The consistent increase in property prices at moderate rates indicates a balanced market where neither rapid inflation nor deflation is present.
The ongoing development within the region could further bolster market conditions by attracting new businesses and employment opportunities that can support higher property valuations over time. Investors and homebuyers who enter the market now may benefit from continued appreciation in property values as well as potential rental income derived from a growing pool of residents seeking housing in Frankville.
