Harrisburg, 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 Harrisburg, Ontario is experiencing a stable growth pattern. With the median house price currently at $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes and a robust housing market that is outpacing inflation rates. Similarly, the apartment sector is also showing positive movement with a median price of $300,000 and an annual growth rate of 2.1%. The demographic expansion, indicated by a significant population growth of 7.1%, supports the ongoing demand for housing in the area.
Investment Opportunities and Potential
In light of the consistent growth in property values, Harrisburg presents several attractive investment opportunities. The rise in median house prices indicates room for capital appreciation, which could benefit long-term investors. Additionally, the steady increase in apartment prices suggests that multi-family properties may offer stable rental income streams. The town’s growing population—currently at 15,000 residents—points to a broadening tenant base and potentially lower vacancy rates for landlords. Investors should consider both residential and commercial real estate investments as the local economy may expand alongside the population.
Future Market Outlook
The future real estate market outlook for Harrisburg remains optimistic based on current data trends. The steady population increase of 7.1% positions Harrisburg as a burgeoning community with ongoing demand for residential properties. Given this demographic trend, it is reasonable to predict continued growth in both house and apartment prices, provided economic conditions remain favorable. This sustained growth offers potential for both homebuyers looking for long-term value retention and investors seeking profitable returns through appreciation or rental income.
