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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Horburg, Alberta, is currently experiencing stable growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent growth indicates healthy demand and suggests that the market is resilient. Similarly, the median apartment price has reached $300,000, with a more modest but still positive year-over-year trend of 2.1%. The population of Horburg has been growing as well, with a significant uptick of 7.1%, which may be contributing to the increased demand for housing in the area.
Investment Opportunities and Potential
The investment landscape in Horburg is promising due to the steady growth in property values and a burgeoning population. With a median house price appreciation of 3.5% over the past year, investors can be cautiously optimistic about the potential for capital gains. Apartments offer an alternative entry point for investors at a lower median price point of $300,000 and have also experienced growth, albeit at a slower pace. The strong population growth suggests that rental properties could be in high demand, potentially providing investors with robust rental yields in addition to long-term appreciation.
Future Market Outlook
Looking ahead, Horburg’s real estate market shows signs of sustained growth and stability. Assuming current trends continue, property values are likely to keep rising at a measured pace. The solid population growth rate bodes well for both the rental and buyer markets, as an increasing number of residents will seek accommodation within the region. Investors should monitor local economic factors and infrastructure developments closely, as these will also play critical roles in shaping the future real estate landscape of Horburg.
