Hensall, 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 Hensall, Ontario is currently experiencing steady growth. The median house price stands at $500,000, with a positive year-over-year trend of 3.5%. This suggests a healthy demand for detached homes, consistent with broader regional patterns of buyers seeking more space in suburban and rural areas. Similarly, the median apartment price has risen to $300,000, reflecting a more modest year-over-year increase of 2.1%. This could indicate a strong rental market or an uptick in first-time homebuyers looking for affordable entry points into the housing market.
Investment Opportunities and Potential
Hensall’s property market presents diverse investment opportunities. The steady growth in house prices points to a solid potential for long-term capital gains. Investors may also find rental properties appealing due to the increasing apartment values, suggesting that the rental demand is likely to remain robust. Moreover, with a significant population growth rate of 7.1%, there is potential for both rental and resale markets as the community expands. This demographic trend can be particularly attractive to developers and investors looking to capitalize on new housing demands.
Future Market Outlook
The future outlook for Hensall’s real estate market remains optimistic. Considering the sustained population growth and the ongoing upward trends in property values, it is reasonable to anticipate continued market expansion. The local economy will likely benefit from the growing population through increased consumer spending and service demands, which may further stimulate the housing market. However, investors should monitor interest rate movements and economic policies that could impact borrowing costs and overall affordability, potentially affecting market dynamics.
