Hanna, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Hanna, Alberta is currently exhibiting a stable growth pattern. With a median house price of $485,000 and a year-over-year increase of 2.8%, the market is maintaining a steady upward trajectory. Similarly, median apartment prices stand at $295,000, demonstrating a modest annual appreciation of 1.9%. These statistics indicate a balanced market that is attractive to both homeowners and investors.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Hanna are promising. The consistent rise in property values suggests that investments made now could yield solid returns as the market continues to grow. Single-family homes, given their higher appreciation rate, present a particularly appealing option for investors looking for tangible assets with long-term growth potential. Apartments, with their lower entry price point and steady appreciation rate, offer an accessible opportunity for smaller-scale investors or those looking to diversify their portfolio.
Future Market Outlook
The future outlook for Hanna’s real estate market appears optimistic. The town’s population has grown by 2.7%, which may lead to increased demand for housing and could potentially drive property prices upwards. Continued population growth coupled with the current trends suggests that the real estate market in Hanna is poised for ongoing growth. This prospective demand surge makes it an opportune time for both residential buyers and investors to consider entering or expanding their presence in the local market.
