Hamiota, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.0% |
| 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
The real estate market in Hamiota, Manitoba is experiencing steady growth. With a median house price of $485,000, the market has seen a 3.3% increase year-over-year, indicating a healthy demand for residential properties. Similarly, the median apartment price stands at $295,000, which has risen by 2% over the same period. This consistent upward trajectory in property values suggests a solid and stable housing market.
Investment Opportunities and Potential
Hamiota’s real estate market presents attractive investment opportunities for both residential and rental properties. Given the 5% population growth recently observed, there is potential for increased demand in housing, which investors can leverage. The incremental yet steady appreciation in property values provides an opportunity for long-term capital gains. Furthermore, the differential in pricing trends between houses and apartments may indicate a particular demand for single-family homes, which could be a specific area of interest for investors.
Future Market Outlook
Looking forward, the outlook for Hamiota’s real estate market remains optimistic. Population growth is set to continue driving demand for housing. If current trends persist, we can expect further increases in property values, albeit at a sustainable rate. This suggests that investments made now could yield substantial returns over time as the market continues to mature. However, investors should also monitor local economic developments and infrastructure investments as these factors will significantly influence future real estate performance in Hamiota.
