Hamiota, Manitoba 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 Hamiota, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing market is showing consistent upward movement. Similarly, the apartment segment is also demonstrating positive momentum with a median price of $300,000 and a growth trend of 2.1% year-over-year. These figures suggest a healthy demand for housing in the area.
The population of Hamiota has been growing at a rate of 7.1%. This significant population increase can be attributed to local economic developments and could be a driving factor behind the rising demand for housing. The growth trend implies that the market is likely absorbing new inventory well, and there may be opportunities for developers to cater to the housing needs of this expanding community.
Investment Opportunities and Potential
Considering the current market trends and population growth in Hamiota, investment opportunities appear promising. The steady increase in property values suggests that investment in residential real estate could yield favorable returns over time. Specifically, investors could look into single-family homes due to their higher appreciation rate compared to apartments.
Moreover, with a growing population and corresponding demand for housing, new development projects could meet the market’s needs while providing opportunities for both long-term capital gains and rental income. Investors should also consider diversifying their portfolios by including both types of residential properties—houses and apartments—to capitalize on the overall growth of the real estate market in Hamiota.
Future Market Outlook
The future outlook of Hamiota’s real estate market remains optimistic given current trends and demographic data. If the population continues to grow at its current pace or faster due to migration or local economic factors, demand for housing is likely to remain strong or even increase.
However, it’s crucial to monitor potential risks such as economic downturns or changes in interest rates that could affect affordability and borrowing costs. Nevertheless, as long as these factors remain stable, the real estate market in Hamiota is poised for continued growth with ample opportunities for investors and homeowners alike.
