Gotham, 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 in Gotham, Ontario
The real estate market in Gotham, Ontario, is currently experiencing stable growth, with the median house price sitting at $500,000 and following a year-over-year increase of 3.5%. This increase is slightly above the national average, indicating a healthy demand for housing in this area. The median apartment price is comparatively lower at $300,000, with a more modest growth trend of 2.1% year-over-year. This slower growth rate for apartments suggests that the market may be more accessible for first-time buyers and investors looking for lower entry prices.
The population of Gotham has grown to 15,000 residents, boasting a robust population growth rate of 7.1%. This rapid influx of residents is likely contributing to the sustained demand for housing and could be a driving force behind the steady appreciation in property values seen in recent years.
Investment Opportunities and Potential in Gotham, Ontario
With its ongoing population growth and consistent increase in property values, Gotham presents several attractive investment opportunities. The housing market’s solid performance suggests that purchasing residential properties could yield substantial long-term gains. Investors might find particular potential in single-family homes, given their higher appreciation rate compared to apartments.
The relative affordability of apartments coupled with the slower price increase might also offer an enticing entry point for investors seeking rental properties. As the population continues to grow, demand for rental units may rise accordingly, potentially leading to higher rental yields and occupancy rates.
Future Market Outlook for Gotham, Ontario
The future real estate market outlook for Gotham looks promising. The consistent upward trend in house prices combined with the significant population growth implies that demand will likely remain strong. Assuming that economic conditions remain favorable and that infrastructure development keeps pace with population growth, we can reasonably expect both house and apartment prices to maintain their upward trajectory.
However, as with any investment, potential risks must be considered, including economic downturns or changes in local policies that could affect the real estate market’s performance. Nonetheless, if current trends continue, Gotham’s real estate market should remain an attractive option for both homebuyers and investors alike.
