Hilliard, Alberta 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 Hilliard, Alberta, is currently experiencing steady growth. With a median house price sitting at $500,000, there has been a notable increase of 3.5% year-over-year. This suggests a healthy demand for housing that is slightly outpacing the national average in terms of price growth.
In the apartment sector, the market appears to be more stable but still growing, with a median apartment price of $300,000, which has risen by 2.1% over the past year. Such growth rates for both houses and apartments indicate a balanced market that is neither overheated nor stagnant.
The population growth rate of 7.1% in Hilliard reflects a robust community expansion, significantly contributing to the demand for housing and supporting the current upward trend in property values.
Investment Opportunities and Potential
Hilliard’s real estate market presents appealing opportunities for investors. The consistent rise in house prices suggests that investments in residential properties could yield profitable returns as the trend continues. Furthermore, the sturdy growth of apartment prices can attract investors looking for lower entry points into the real estate market with potential for long-term appreciation.
The town’s significant population increase further enhances its investment appeal; a growing population typically signifies greater rental demand, which can lead to higher occupancy rates and potentially increased rental yields for investors owning income-generating properties.
Future Market Outlook
The outlook for Hilliard’s real estate market remains optimistic based on current data trends. The continual population growth serves as a fundamental driver of demand for housing, suggesting that both the house and apartment markets may continue to experience upward pressure on prices.
If current trends persist, future market conditions could see sustained appreciation rates for property values. However, potential investors and homeowners should also consider broader economic indicators and remain mindful of external factors such as interest rate changes or regional economic shifts that could influence market dynamics.
In summary, with strong population growth and consistent property value increases, Hilliard represents an attractive market with promising prospects for both short-term gains and long-term investment stability.