Houston, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $515,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $515,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $475,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Houston, British Columbia, is currently experiencing a stable growth pattern. The median house price stands at $515,000, with a year-over-year increase of 4%. This increment suggests a healthy demand for single-family homes in the area, reflecting a positive trend that has been consistent over the past period. In contrast, the apartment sector is showing a more modest growth with the median apartment price at $310,000, marking a 2.5% year-over-year increase.
This differential growth rate between houses and apartments may indicate a higher preference for space and privacy among residents or could be attributed to an influx of families who often favor detached homes. With a population of 15,200 and a growth rate of 2.7%, Houston’s real estate market benefits from an increasing population that fuels housing demand.
Investment Opportunities and Potential
The steady rise in property values coupled with the ongoing population increase positions Houston as an attractive destination for real estate investment. Single-family homes present an opportunity for investors looking for capital appreciation over time. Given their higher appreciation rate compared to apartments, these properties could offer better long-term growth potential.
Apartments, on the other hand, while appreciating at a slower pace, could be seen as an opportunity to cater to segments such as young professionals or smaller families who might prefer more affordable housing options or are not ready to invest in a standalone home.
Moreover, with the town’s rising population and the limited supply of new housing developments relative to demand, rental properties are likely to experience low vacancy rates and potential rent increases, which can provide stable cash flow for investors.
Future Market Outlook
The future outlook of Houston’s real estate market appears promising. The sustained population growth suggests ongoing demand for housing. If this trend continues alongside economic development initiatives that attract more residents and improve local employment opportunities, one can anticipate further upward pressure on both property prices and rental rates.
The current trends imply that Houston’s market has not yet reached its peak and there is room for growth. Investors considering entry into this market may find it advantageous to do so sooner rather than later to capitalize on future capital gains. As always with real estate investments, careful analysis of specific local factors such as neighborhood dynamics, future infrastructure projects, and economic indicators will be crucial to making informed decisions.
In conclusion, Houston’s real estate market presents a balanced mix of stability and growth potential that should appeal to both homeowners looking to settle in a community-oriented town and investors seeking opportunities in an expanding market.
