Horburg, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Horburg, Alberta, is currently experiencing a phase of steady growth. The median house price stands at $500,000, which reflects a consistent year-over-year increase of 3.5%. This trend indicates a healthy demand for homes in the area. Similarly, the median apartment price has reached $300,000, with a slower yet positive year-over-year growth of 2.1%. These statistics suggest that while houses are in higher demand, apartments are also gaining value, albeit at a more modest pace.
Investment Opportunities and Potential
The investment landscape in Horburg presents several opportunities. Given the population growth rate of 7.1%, there is likely to be sustained demand for housing. The current growth trends in property values suggest that investing in residential real estate could yield appreciable returns over time. For investors considering rental properties, both houses and apartments offer potential due to the population increase; however, houses may present a higher capital growth potential based on their stronger price trend.
Future Market Outlook
Looking ahead, Horburg’s real estate market appears poised for continued growth. The robust population increase of 7.1% is indicative of an expanding community that will likely fuel housing demand further. If these demographic trends continue alongside economic stability, investors can reasonably expect ongoing appreciation in property values. As such, the outlook for both housing and apartment markets remains optimistic, making Horburg an attractive option for both short-term and long-term real estate investments.
