Harrington, 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 in Harrington, Ontario
In Harrington, Ontario, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, which reflects a 3.5% increase year-over-year. This suggests that the market is healthy and that properties are appreciating at a moderate pace. Likewise, the median apartment price has risen to $300,000, with a slightly lower growth rate of 2.1% year-over-year. This contrast in growth rates indicates a more robust demand for houses over apartments.
The population of Harrington has been growing steadily as well, with a 7.1% increase that has brought the total population to approximately 15,000 residents. This growth can be seen as a contributing factor to the real estate market’s resilience and is likely stimulating demand for housing in the region.
Investment Opportunities and Potential in Harrington, Ontario
Given the consistent rise in property values and the growing population, Harrington presents attractive investment opportunities. Single-family homes represent a solid investment due to their higher appreciation rate of 3.5%, suggesting a strong potential for capital gains over time. With median prices at half a million dollars, entry into this market segment requires significant capital but offers stability and potential for long-term growth.
Apartments, while showing slower growth, still present an opportunity—especially for those looking to enter the real estate market at a lower price point or interested in rental income properties. The steady population increase implies a continued demand for rental units, which could make apartments an appealing option for investors seeking to capitalize on rental income.
Future Market Outlook for Harrington, Ontario
The future market outlook for Harrington remains optimistic. The ongoing population growth of 7.1% is likely to sustain demand for both houses and apartments. Moreover, if current trends persist—with houses appreciating at 3.5% and apartments at 2.1% annually—investors can anticipate continued appreciation of their real estate assets.
As the local economy adapts to accommodate the rising population, one can expect further development which may introduce new housing stock and commercial real estate opportunities. Investors should keep an eye on local development plans and infrastructure improvements that might affect property values.
In summary, Harrington’s real estate market is characterized by positive indicators: moderate yet steady appreciation rates, healthy population growth, and diverse investment opportunities. While no investment is without risk, current trends suggest that Harrington’s market conditions are favorable for both short-term gains through rental income and long-term capital appreciation.
