Hartington, 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 Hartington, Ontario is currently exhibiting steady growth. With a median house price of $500,000, the market has seen a 3.5% year-over-year increase, which indicates a stable and positive trend for homeowners and investors alike. Similarly, the median apartment price stands at $300,000, following a more modest yet consistent rise of 2.1% year-over-year.
This incremental growth can be attributed to Hartington’s appealing small-town charm combined with its access to local amenities and proximity to larger economic hubs. The population of 15,000 has experienced significant growth at a rate of 7.1%, suggesting an increasing demand for housing in the area.
Investment Opportunities and Potential
Hartington’s growing population and its upward trending property values present attractive investment opportunities. The continuous increase in property prices reflects healthy demand and suggests that real estate assets in the area are likely to appreciate over time. For investors looking for long-term capital gains, single-family homes represent a solid investment with the potential for rental income and value appreciation.
Additionally, the apartment sector offers a more accessible entry point for investors, with prices that have also shown steady growth. This segment may appeal to those interested in catering to younger professionals or smaller households seeking affordable housing options within a community-oriented setting.
Future Market Outlook
The future real estate market outlook for Hartington is optimistic based on current trends and demographic indicators. The ongoing population growth points toward sustained demand for housing, which should continue to push property values upward at a moderate pace.
The town’s real estate market is likely to benefit from broader economic factors such as low-interest rates and regional development initiatives that encourage migration to smaller towns like Hartington. Provided these conditions remain consistent, the market is poised for continued growth making it an inviting environment for both first-time homebuyers and seasoned investors.
