Hilliard, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| 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 | $320,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Hilliard, Alberta is currently experiencing a steady growth. With the median house price sitting at $485,000, there has been a consistent year-over-year increase of 4%. This indicates a healthy demand for housing in the area, likely driven by favorable economic conditions and the area’s appeal to both homeowners and investors.
In contrast, the median apartment price is $295,000, which has seen a slightly lower year-over-year growth rate of 2.5%. The slower growth rate for apartments suggests that while there is interest in more affordable housing options, the demand for such properties may not be as strong as it is for standalone houses.
With a population of 15,500 and a robust population growth of 3.3%, Hilliard is witnessing an influx of new residents. This demographic trend is contributing to the increased demand for housing across the board.
Investment Opportunities and Potential
The positive trend in house prices coupled with steady population growth suggests that Hilliard offers promising investment opportunities. Investors looking at long-term capital gains should consider Hilliard’s single-family homes due to their solid appreciation rate of 4%. As the community continues to grow and attract new residents, these properties are likely to remain in high demand.
Apartments present a more accessible entry point into the real estate market with their lower median price point. While their appreciation rate is slightly lower at 2.5%, they still offer potential for rental income and long-term value increase. Given the population growth and diverse housing needs, apartments can be an attractive option for investors aiming to cater to individuals and small families seeking more affordable living arrangements.
Future Market Outlook
The future market outlook for Hilliard remains optimistic. The sustained population growth at a rate of 3.3% indicates ongoing demand for residential properties. If current economic conditions persist and new employment opportunities arise within or around Hilliard, it’s reasonable to project that both house and apartment prices will continue their upward trajectory.
However, investors should remain cognizant of broader economic factors that can influence property values, such as interest rates, government housing policies, and regional economic developments. Monitoring these will be crucial in making informed investment decisions.
In conclusion, Hilliard’s real estate market demonstrates strong fundamentals with potential for continued growth. Both houses and apartments represent viable investment opportunities, albeit with different risk profiles and return potentials.
