Humberlea, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $550,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $325,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $475,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $275,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Humberlea, Ontario is currently experiencing a steady growth in property values. With a median house price of $550,000 and an upward trend of 4% year-over-year, the market is showing signs of robust health. Similarly, the apartment sector is also on an upswing with a median price of $325,000 and a growth trend of 2.5% year-over-year. This consistent growth can be attributed to several factors, including the area’s appeal to buyers seeking affordability relative to surrounding regions, as well as overall economic stability.
Humberlea’s population has seen a significant increase of 3.3%, indicating a growing community that could further drive demand for housing. The influx of new residents may result from various pull factors such as employment opportunities, quality of life enhancements, and the area’s overall desirability.
Investment Opportunities and Potential
Considering the current market trends and population growth, Humberlea presents appealing investment opportunities for both residential property investors and developers. The steady increase in property values suggests that investments made in the present could yield substantial returns in the medium to long term.
For individual investors or homebuyers, purchasing properties at the current median prices could be advantageous before they escalate further due to increasing demand. Moreover, rental properties might also offer lucrative returns given the population growth, which may result in heightened demand for rental accommodation.
Developers might find potential in exploring new residential projects or renovations of existing properties to cater to the growing population’s housing needs. Given Humberlea’s positive market indicators, new development projects could attract buyers looking for modern living options within a burgeoning community.
Future Market Outlook
The future market outlook for Humberlea looks promising based on current trends and demographic data. Should the population continue to grow at or above the current rate of 3.3%, this will likely sustain or even accelerate demand for housing in both the private sale and rental markets.
If economic conditions remain favorable and interest rates stable, we can anticipate sustaining or potentially increasing rates of property value growth across both houses and apartments. Investors mindful of these trends may consider Humberlea as a strategic location for real estate investment with expectations for continued appreciation and strong rental market performance.
However, it is crucial to remain cognizant of broader economic variables that may impact local real estate markets such as employment rates, inflationary pressures, and regional development plans. Keeping abreast of these factors will be key to making informed decisions regarding real estate investments in Humberlea.
