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 a steady growth pattern. The median house price stands at $500,000, which represents a year-over-year increase of 3.5%. This increment signifies a healthy and appreciating housing market. Meanwhile, the median apartment price is set at $300,000, with a more modest growth rate of 2.1% year-over-year. These trends suggest that both segments of the housing market are growing, but detached homes are seeing a slightly more robust increase in value.
The population of Horod has reached 15,000 inhabitants and is on an upward trajectory with a significant growth rate of 7.1%. This demographic development is likely contributing to the demand for housing and supporting the increasing property values in the area.
Investment Opportunities and Potential
Given the current market conditions, investment opportunities in Horod appear promising. The steady rise in property values indicates that buying real estate in this region could offer investors solid capital gains over time. Investors looking to purchase rental properties may also benefit from the growing population, as this can lead to higher demand for rental accommodations.
The stronger growth rate seen in house prices suggests that single-family homes might present more significant investment potential compared to apartments. However, the lower price point and steady appreciation of apartment units could make them an attractive option for investors seeking more affordable entry points into the market or diversifying their portfolios.
Future Market Outlook
The future market outlook for Horod’s real estate appears optimistic. The consistent growth in property values and the surging population point to ongoing demand for housing. If these trends continue, investors can reasonably expect continued appreciation in property values.
Moreover, with sustained population growth, there may be additional opportunities for new developments and increased inventory to meet the burgeoning housing needs of residents. This could potentially open up new avenues for investment across different sectors of the real estate market.
In conclusion, prospective buyers and investors should closely monitor Horod’s economic indicators and be ready to act on emerging opportunities as they present themselves within this dynamic market environment.
