Frankville, 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
Current Market Conditions and Trends
The real estate market in Frankville, Ontario is currently experiencing modest growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing steady progress. The median apartment price stands at $300,000, with a slightly lower growth trend of 2.1% year-over-year. This differential suggests that single-family homes may be in higher demand or experiencing greater valuation increases compared to apartments.
The population of Frankville has reached 15,000 residents, with an impressive growth rate of 7.1%. This influx of new residents may be contributing to the robust real estate demand, supporting the positive trend in property values across the board.
Investment Opportunities and Potential
Given the current growth trajectory and demographic trends, Frankville presents several lucrative investment opportunities. The consistent increase in property values indicates a stable market where investments are likely to appreciate over time. Single-family homes represent a particularly attractive option for investors, given their higher year-over-year price increase compared to apartments.
Additionally, the significant population growth is likely to drive demand for rental properties. Investors might consider acquiring rental units or developing multi-family dwellings to cater to newcomers who prefer renting over homeownership. Furthermore, with a growing community, there may also be opportunities in commercial real estate development to serve the expanding population.
Future Market Outlook
Looking ahead, the future market outlook for Frankville is promising. Assuming that the current population growth rate sustains itself or even accelerates, demand for housing is expected to remain strong. However, potential investors should monitor local economic factors and any changes in migration patterns that could affect this forecast.
If the present trends persist, both residential and commercial properties are poised for continued value appreciation. Investors might find it advantageous to enter the market sooner rather than later to capitalize on the upward momentum. Nevertheless, as with any real estate investment decision, it’s crucial to conduct thorough due diligence and consider long-term economic indicators beyond immediate statistical trends.
