Howden, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,700 |
| Population Change | 3.4% |
| 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 in Howden, Manitoba
In Howden, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $510,000, reflecting a 3.3% year-over-year increase. This uptrend suggests a healthy demand for homes in the area, likely driven by favorable local economic conditions and the relative affordability of housing compared to larger Canadian markets.
The apartment sector is also showing positive movement with a median price of $295,000 and a 1.9% year-over-year rise. The modest growth rate indicates a stable apartment market that appeals to both potential homeowners looking for more affordable entry points into real estate and investors seeking rental properties.
The population of Howden stands at 15,200 residents with a robust growth rate of 3.4%. This demographic expansion can be attributed to Howden’s appeal to individuals seeking a suburban lifestyle with proximity to employment hubs and amenities.
Investment Opportunities and Potential in Howden
The consistent growth in property values coupled with ongoing population increases suggest that Howden holds significant investment potential. For those considering real estate investment, the single-family home market offers opportunities for both capital appreciation and rental income, thanks to the area’s rising demand.
Apartments present an attractive option for investors targeting the growing demographic of professionals and small families preferring lower-maintenance living spaces. With the current trend of a 1.9% increase in apartment prices, investors can anticipate gradual asset appreciation while potentially yielding steady rental income.
Future Market Outlook for Howden Real Estate
The future market outlook for Howden appears positive. The sustained population growth of 3.4%, combined with ongoing regional development projects, is expected to continue fueling demand for housing within the community.
If current trends persist, the median house price may continue its upward trajectory beyond the current 3.3% annual increase, reinforcing Howden as an appealing market for both homebuyers and investors. Similarly, apartments are likely to maintain their value and possibly see enhanced interest as more people seek affordable housing options in growing communities.
The outlook for investment is optimistic, though it is important for investors to consider factors such as interest rates, local economic policies, and national real estate regulations which may influence future market conditions. Overall, Howden’s real estate market holds promise for sustained growth and remains an attractive location for both residential living and investment opportunities.
