Hinton, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Hinton, Alberta is currently experiencing a moderate growth pattern. With a median house price of $495,000, which represents a 3.2% year-over-year increase, the market is showing signs of steady demand. The median apartment price stands at $295,000, with a more modest growth rate of 1.8% year-over-year. These figures suggest that while the housing market is growing at a faster pace than apartments, both segments are moving in a positive direction.
Investment Opportunities and Potential
Hinton’s consistent growth in property values, alongside its expanding population—currently noted at 15,500 and growing at a rate of 3.3%—points to robust investment opportunities. The housing market’s resilience, indicated by the steady appreciation in median prices, suggests that investments in residential properties could yield favorable returns. Investors should consider single-family homes due to their higher appreciation rate and potentially greater long-term value retention compared to apartments.
Future Market Outlook
The future outlook for Hinton’s real estate market appears promising. The town’s ongoing population growth implies an increasing demand for housing, which may continue to drive property values upward. Assuming that local economic conditions remain stable or improve, and the national real estate trends maintain their current trajectory, Hinton’s market should continue to offer valuable opportunities for both homeowners and investors alike. It is reasonable to anticipate that the market will sustain its growth trend in the medium term, making it an attractive option for those looking to enter the real estate market or expand their investment portfolio.
