Hilda, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $500,000 |
Monthly growth | 1.3% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $290,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $500,000 |
4 bedrooms | $620,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
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 Hilda, Alberta is currently experiencing a steady growth. With a median house price of $500,000 and an upward trend of 4% year-over-year, the market is showing healthy and sustainable appreciation. The median apartment price stands at $290,000, with a slightly lower growth rate of 2.5% year-over-year. This difference in growth rates may indicate a stronger demand for single-family homes over apartments.
Hilda’s population of 15,000 is on an upward trajectory with a 3.4% growth rate. This significant population increase is likely contributing to the demand for housing in the area, both for purchase and rental properties, further supporting the growth in property values.
Investment Opportunities and Potential
Given the current market trends, investment opportunities in Hilda appear promising. The steady increase in property values across both houses and apartments suggests a stable environment for real estate investment. Investors may find particular value in single-family homes due to their higher appreciation rate.
The population growth further bolsters the potential for real estate investment as it creates a continuous demand for housing. This could be particularly advantageous for investors looking to enter the rental market or develop new residential projects to cater to the growing population.
Future Market Outlook
The future market outlook for Hilda’s real estate appears optimistic. If current trends continue, investors and homeowners can expect ongoing growth in property values. The consistent population increase should continue to drive demand for housing which, when coupled with the town’s limited inventory, could result in a seller’s market with potential bidding wars driving prices up.
However, it is crucial for potential investors to monitor economic factors that could influence the real estate market such as employment rates, local industry performance, and interest rates. For now, though, Hilda represents a compelling market with favorable conditions for both existing property owners and prospective buyers.