Haynes, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $425,000 |
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 Haynes, Alberta is currently experiencing moderate growth. The median house price stands at $485,000, which represents a year-over-year increase of 2.8%. This gradual appreciation suggests a stable market environment that may be attractive to buyers seeking a reliable investment or a steady residential market.
Similarly, the apartment sector shows a positive trend with the median apartment price at $295,000 and an annual appreciation rate of 1.5%. This slower growth rate may reflect a more saturated market or a higher level of inventory in multi-family housing.
The population of Haynes has reached approximately 15,200 residents, with a growth rate of 2.7%. This demographic expansion is likely contributing to the steady demand for housing in the area and may be supporting the current price trends.
Investment Opportunities and Potential
Given the steady growth in both property values and population, Haynes presents several appealing investment opportunities. The consistent increase in median house prices indicates that single-family homes are appreciating at a healthy pace, offering potential for capital gains over time. Investors looking for long-term equity growth may find this segment particularly attractive.
Apartments represent an opportunity for investors focused on rental income. With a more modest appreciation rate, investors might anticipate consistent demand due to population growth without the volatility of sharper price increases. These conditions suggest potential for stable yield from rental properties as well as possible long-term appreciation.
The town’s ongoing population expansion also implies that there may be unmet housing needs. Developers and investors could explore opportunities in new construction projects to cater to this growing demographic.
Future Market Outlook
The future outlook for Haynes’ real estate market appears cautiously optimistic. The sustained population growth provides a solid foundation for continued demand in housing. Should current trends persist, both the single-family home and apartment markets are expected to maintain gradual appreciation.
However, it is essential to monitor external economic factors like employment rates, interest rates, and regional economic policies as they can significantly impact local real estate markets.
In summary, while precise future predictions are challenging to make, indicators point towards ongoing stability and modest growth for Haynes’ real estate market. Investors should consider both short-term rental income opportunities and long-term capital appreciation when evaluating potential investments in the region.
