Hortonville, Nova Scotia 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 Hortonville, Nova Scotia, is currently experiencing a period of growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is demonstrating modest but steady growth. Similarly, the apartment sector has seen a year-over-year price increase of 2.1%, with the median apartment price reaching $300,000.
This growth can be attributed to several factors, including Hortonville’s expanding population, which has grown by 7.1% recently. This demographic trend suggests increased demand for housing in the region. The consistent rise in property values indicates a healthy market that is attracting homeowners and investors alike.
Investment Opportunities and Potential
Hortonville presents several attractive investment opportunities, particularly in residential real estate. With house and apartment prices increasing at sustainable rates of 3.5% and 2.1% respectively, investors can anticipate continued appreciation in their real estate investments.
The significant population growth further bolsters the potential for rental properties as newcomers to the area may initially seek rental accommodations before purchasing homes. Therefore, investing in apartments or developing multifamily units could be particularly lucrative.
Moreover, Hortonville’s median house price remains accessible compared to larger urban centers, suggesting room for further growth and making it an enticing option for those looking to enter the market without the capital required for more expensive regions.
Future Market Outlook
The future market outlook for Hortonville is optimistic given current trends and data. The steady increase in property values is likely to continue as long as the population grows and demands more housing options.
However, potential investors should also be mindful of broader economic conditions and local developments that could impact the market. It will be vital to monitor interest rates, employment rates, and infrastructure projects that could significantly influence real estate dynamics in Hortonville.
In conclusion, Hortonville’s real estate market shows promise with its consistent growth in property values coupled with a substantial population increase. This combination suggests both short-term stability and long-term potential for investors and homeowners alike.
