Hampton, 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 Hampton, Ontario, is currently experiencing stable growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This indicates a consistent upward trend in property values likely reflecting strong demand and a healthy local economy. Similarly, the median apartment price has reached $300,000, reflecting a more modest but still positive growth rate of 2.1% compared to the previous year.
With a population of 15,000 that has grown by 7.1%, Hampton is becoming an increasingly attractive destination for both residents and investors. This significant population growth suggests that there is both incoming demand for housing and potential for economic expansion which can further stimulate the real estate market.
Investment Opportunities and Potential
The current trends indicate that Hampton presents several attractive investment opportunities. The steady increase in housing prices suggests that investments in residential real estate are likely to appreciate over time. Given the town’s population growth and its associated demand for housing, investors could expect continued appreciation in property values.
For those interested in rental properties, apartments may present a valuable opportunity due to their lower entry price point and the growing need for rental accommodations within the town. Furthermore, as new residents move into Hampton seeking employment or lifestyle changes, the rental market may experience increased demand leading to potential rental income growth.
Future Market Outlook
The future market outlook for Hampton appears promising. The steady increase in property values coupled with robust population growth positions the town for ongoing real estate market development. As long as economic conditions remain favorable and the area continues to attract new residents due to its amenities or employment opportunities, it is reasonable to expect that both the house and apartment markets will maintain their upward trajectory.
Investors should monitor factors such as interest rates, local economic policies, and infrastructure developments as these can have significant impacts on future market conditions. However, based on current data and trends, Hampton’s real estate market is well-positioned for sustained growth over the coming years.
