Hampton, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Hampton, Ontario is currently characterized by steady growth. The median house price in the area stands at $520,000, which represents a year-over-year increase of 4.2%. This indicates a healthy and stable market that continues to attract buyers. Similarly, the median apartment price has seen an increment and is now at $310,000, with a slightly lower year-over-year growth rate of 2.8%. These figures suggest that while there is growth across the board, houses are appreciating at a faster rate than apartments.
Hampton’s population has grown to 15,500, with a significant growth rate of 3.3%. This demographic trend is reflective of the demand for housing in the area and can be attributed to factors such as employment opportunities, lifestyle amenities, and overall livability of Hampton.
2. Investment Opportunities and Potential
The consistent growth in property values coupled with the increasing population suggests that Hampton offers viable investment opportunities for both residential and rental markets. Investors may find potential in purchasing properties to cater to the demand for family homes, which is evidenced by the higher appreciation rate of houses compared to apartments.
Furthermore, new developments and infrastructure projects may arise as the population continues to expand, presenting additional prospects for investors interested in commercial real estate or land development. With a growing population that outpaces many other regions, rental properties also represent a promising avenue for investors looking to capitalize on long-term income streams.
3. Future Market Outlook
The future outlook for Hampton’s real estate market remains positive due to several factors. The consistent rise in property prices indicates a strong and resilient market capable of weathering economic fluctuations. The continued population growth bodes well for sustained demand in both the residential and rental markets.
Assuming current trends persist, investors and homeowners can expect further appreciation in property values over the coming years. It will be important for stakeholders to monitor local economic developments, housing supply levels, and interest rates as these variables can significantly impact market dynamics. Overall, Hampton presents itself as a stable market with ongoing potential for both short-term gains and long-term investment returns.
