Horod, 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
The real estate market in Horod, Manitoba is currently experiencing stable growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector indicates healthy demand and a robust market. Similarly, the apartment sector with a median price of $300,000 is seeing a more moderate appreciation rate of 2.1% year-over-year. This suggests that while the market is growing, it’s doing so at a measured pace which can be attractive for long-term investments.
The population of Horod stands at 15,000 and has seen significant growth at a rate of 7.1%. This demographic expansion contributes to the demand in housing and supports the steady increase in property values.
Investment Opportunities and Potential
Investment opportunities within Horod are promising due to the consistent rise in property values. The current trends suggest that investing in residential properties could yield solid returns as the demand for housing appears to be on an upward trajectory alongside the population growth.
The more substantial year-over-year increase in house prices compared to apartments may indicate a higher demand for standalone houses or possibly a shortage in supply, making them potentially more lucrative investment assets. Conversely, apartments with their lower entry price point and slightly slower appreciation rate represent an opportunity for investors looking for more affordable investment options or those aiming to cater to individuals who cannot afford higher-priced homes.
Future Market Outlook
The future market outlook for Horod remains optimistic. The persistent population growth is expected to maintain or even increase the current demand for housing. Given this demographic trend, if supply doesn’t keep up with demand, we might see an acceleration in price growth rates.
Moreover, as long as economic conditions remain favorable with low-interest rates and supportive government policies for homebuyers, the real estate market in Horod should continue its steady upward trend. Investors should monitor these factors closely as they will play a significant role in shaping the future of the real estate landscape in this region.