Hampton, Nova Scotia 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Hampton, Nova Scotia is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation rates that are slightly above inflation. This suggests that Hampton remains an attractive location for homeowners. Similarly, the apartment sector has seen a more modest growth rate of 2.1% year-over-year, with a median price point of $300,000, indicating a stable investment environment for smaller residential properties.
The population of Hampton has grown to 15,000 residents, reflecting a strong population growth rate of 7.1%. This demographic expansion is likely contributing to the sustained demand for housing in the area and may be indicative of Hampton’s increasing attractiveness as a residential community.
Investment Opportunities and Potential
The steady growth in property values combined with significant population increases suggests that Hampton holds considerable investment potential. The consistent rise in housing prices points to a robust market that could benefit long-term investors looking to capitalize on equity gains. The apartment sector’s growth indicates an opportunity for those interested in the rental market or more affordable housing investments.
Given the area’s demographic trends, investments in new residential developments or the renovation of existing properties could cater to the growing population’s housing needs. Moreover, investors might also explore opportunities in creating amenities and services that would appeal to this expanding community.
Future Market Outlook
Looking forward, Hampton’s real estate market outlook appears positive based on current trends and data. If population growth continues at its present rate or accelerates, demand for housing is likely to remain strong or increase further. This should continue to support property value appreciation across both houses and apartments.
The sustained upward movement in median property prices implies that Hampton may continue to experience stable growth without indications of an overheated market or speculative bubble. Wise investments made now have the potential to yield substantial returns as the community expands and develops.
However, it is essential for investors to remain vigilant about broader economic conditions and local development policies that may affect future valuations and market dynamics. Keeping abreast of such factors will be crucial for making informed investment decisions in Hampton’s real estate market.
