Howden, 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
1. Current Market Conditions and Trends
The real estate market in Howden, Manitoba is experiencing steady growth, as evidenced by the latest market data. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This suggests a stable upward trend in property values for detached homes. On the other hand, the median apartment price is $300,000, with a slightly lower annual appreciation rate of 2.1%. This difference indicates that houses are in higher demand compared to apartments, potentially due to buyer preference for more space and privacy.
The population of Howden has reached 15,000 residents, demonstrating significant growth at a rate of 7.1%. This influx is likely contributing to the increasing demand for housing in the area.
2. Investment Opportunities and Potential
The consistent rise in property values paired with a robust population growth presents numerous investment opportunities within Howden’s real estate market. Investors might find particular potential in single-family homes, which have shown stronger price appreciation compared to apartments.
In addition to purchasing physical properties for rental income or capital gains, investors could also explore development projects to cater to the growing population. Building new residential units or renovating existing ones could meet the increasing housing demand.
Moreover, with a 3.5% year-over-year increase in house prices outpacing many fixed-income investments’ returns, real estate in Howden offers an attractive opportunity for portfolio diversification and long-term wealth accumulation.
3. Future Market Outlook
The future outlook for Howden’s real estate market appears promising. The sustained population growth serves as a strong indicator that demand for housing will continue to rise. Assuming that local economic conditions remain supportive and employment rates stay stable or improve, we can expect continued health and growth within the real estate sector.
If current trends persist, both house and apartment prices are projected to maintain an upward trajectory, albeit at a moderate pace. This would present ongoing opportunities for both homeowners looking to build equity and investors seeking capital appreciation.
In conclusion, careful monitoring of economic indicators and staying abreast of regional developments will be crucial for those interested in the Howden real estate market. As such, stakeholders should remain informed and agile to capitalize on the potential that this market presents.
