Houston, British Columbia 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 Houston, British Columbia, exhibits sustained growth in property values, with the median house price currently standing at $500,000 and following an upward trend of 3.5% year-over-year. This consistent appreciation indicates a stable housing market that is attracting homeowners and investors alike.
Similarly, the apartment sector is showing a steady rise in value with a median price point of $300,000 and a 2.1% year-over-year price increase. The converging trends in both housing segments suggest a balanced market expansion that caters to diverse budget ranges and preferences.
Investment Opportunities and Potential
Houston’s growing population, which has recently seen a 7.1% increase to reach 15,000 inhabitants, is creating a fertile ground for real estate investment opportunities. The continuous population influx is likely to drive demand for both rental and owned properties. This demographic trend, coupled with the healthy appreciation rates observed in the market, positions Houston as an attractive destination for investors seeking long-term capital gains as well as rental income returns.
Future Market Outlook
Looking ahead, Houston’s real estate market is poised for continued growth. The consistent rise in property values across both houses and apartments suggests a robust market with the potential to sustain its current trajectory. The population growth serves as a strong indicator that demand for housing will persist, further underpinning the positive outlook on the market’s durability.
Investors and homebuyers can be moderately optimistic about entering the Houston real estate market given its demonstrated stability and potential for ongoing appreciation. Nonetheless, it remains essential for stakeholders to monitor economic factors that could influence future market performance such as employment rates, interest rates, and regional development projects.
