Hickson, 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 Hickson, Ontario is currently experiencing a period of steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the local housing market is demonstrating resilience and stability. Similarly, the apartment market showcases a moderate increase with the median price set at $300,000 and a growth trend of 2.1% year-over-year.
The population of Hickson stands at 15,000 residents, with a notable growth rate of 7.1%. This demographic expansion is a contributing factor to the sustained demand for housing in the area. The combination of appreciating property values and a burgeoning population suggests that the current market conditions are favorable for both homeowners looking to accumulate equity and potential buyers seeking long-term investment.
Investment Opportunities and Potential
Hickson’s real estate market offers promising opportunities for investors. The consistent upward trend in house prices indicates a healthy investment potential for those interested in purchasing residential properties. Given the current market dynamics, investors might expect continued capital gains based on historical growth rates.
Moreover, the population growth implies an increasing demand for rental properties, which could benefit investors looking to enter the landlord market. With apartment prices rising at a more modest rate compared to houses, there is an opportunity for investors to cater to individuals and families seeking more affordable housing options without compromising on investment profitability.
Future Market Outlook
Looking ahead, the future market outlook for Hickson appears optimistic. Given the steady year-over-year increase in property values and significant population growth, it’s reasonable to anticipate that these trends will persist into the foreseeable future. The influx of new residents is likely to keep demand for housing strong, potentially leading to further price appreciation.
In addition to residential growth, infrastructure development and economic factors will also play critical roles in shaping Hickson’s real estate landscape. Investors and homebuyers should monitor these aspects closely as they have the potential to influence both short-term market fluctuations and long-term value trajectories.
Overall, those considering entering Hickson’s real estate market can be cautiously optimistic about its prospects but should continue to conduct thorough due diligence and stay informed about regional developments that may impact their investment decisions.
