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 in Hodgson, Manitoba is currently experiencing stable growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. This trend is slightly above the national average, indicating a robust demand for single-family homes in the area.
The apartment sector is also growing, albeit at a slower pace, with a median price of $300,000 and an annual growth rate of 2.1%. This suggests that there is consistent interest in more affordable and low-maintenance living options among residents.
The local population has seen significant growth at 7.1%, which may be contributing to the overall demand for housing in Hodgson. This demographic expansion could be due to various factors, including economic opportunities, quality of life improvements, or regional developments attracting new residents.
Investment Opportunities and Potential in Hodgson
Considering the steady growth in housing prices and the influx of new residents, Hodgson offers promising investment opportunities. The sustained increase in property values points to a stable investment environment for both residential homes and apartment units.
For investors looking at long-term capital gains, purchasing single-family homes could be particularly attractive given the higher growth rate compared to apartments. Rental properties also have potential due to population growth driving demand for housing.
Investors should note that the current trends suggest a balanced market where supply is meeting demand. This balance provides a degree of protection against sudden price fluctuations, making Hodgson an appealing location for cautious investors prioritizing stability over high-risk/high-reward investments.
Future Market Outlook for Hodgson
The future real estate market outlook for Hodgson appears positive. If current trends continue—coupled with ongoing population growth—there is reason to believe that both house and apartment prices will keep rising steadily.
The local economy’s performance and any future infrastructure or development projects will greatly influence the extent of this growth. Should these factors remain favorable, Hodgson may see its real estate market strengthen further, potentially outperforming regional averages.
However, it’s important for stakeholders to monitor external economic factors that could impact interest rates or employment levels, as these elements can affect buyer affordability and influence housing demand. Staying informed on both local and national economic indicators will be essential for accurately predicting future market conditions in Hodgson.
