Trending
A red, white, and black flag with a white background.

Hodgson, Manitoba 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

In Hodgson, Manitoba, the real estate market is currently experiencing a stable growth trend. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation rates that are attractive to homeowners and investors alike. The apartment sector is also showing positive momentum with a median price point of $300,000 and an annual growth rate of 2.1%. This indicates a consistent demand for housing in the area.

The population of Hodgson has seen a significant increase, with a growth rate of 7.1%. This demographic trend contributes to the sustained demand for residential properties. The influx of residents likely stems from local economic opportunities, lifestyle factors, and Hodgson’s appeal as a community.

Investment Opportunities and Potential

Given the steady growth in property values and the population increase, Hodgson presents several investment opportunities. For long-term investors, purchasing residential properties could be lucrative due to the progressive appreciation indicated by current trends. Single-family homes, given their higher year-over-year price increase, may offer greater capital gains potential compared to apartments.

Investors looking for rental income will find that the increasing population creates an ongoing need for rental units, potentially leading to favorable rental yields. Furthermore, due to lower median prices for apartments relative to houses, multi-unit residential buildings could be an accessible entry point into the real estate market for new investors.

Future Market Outlook

The future outlook for Hodgson’s real estate market remains optimistic. The robust population growth suggests that demand for housing will continue to rise. As long as this demographic trend persists, it is likely that both house and apartment prices will maintain their upward trajectory.

However, investors should also consider broader economic factors such as interest rates, employment rates in Manitoba, and any changes in local industry or infrastructure developments that might influence property values. Careful monitoring of these elements will be key in making informed predictions about future market performance.

In summary, Hodgson’s real estate market holds promising opportunities for those looking at both long-term capital gains and short-term income generation through rentals. With thoughtful consideration of market data and attention to external economic variables, stakeholders can make strategic decisions to capitalize on Hodgson’s growing property market.