Huntsville, 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 | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $550,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,000 |
| Population Change | 6.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Huntsville, Ontario, is experiencing a period of steady growth. With a median house price of $550,000 and an observed year-over-year price increase of 4%, the housing sector is demonstrating resilience in the face of broader economic fluctuations. The median apartment price stands at $325,000, with a slightly lower growth trend of 2.5% year-over-year. This growth is reflective of both local demand and external interest in Huntsville’s property market.
Huntsville’s population has grown by 6.7%, indicating a robust and expanding community which contributes to the demand for housing. The influx of new residents can be attributed to Huntsville’s attractive natural environment, lifestyle amenities, and its appeal as a destination for both retirees and professionals seeking a balance between work and leisure.
2. Investment Opportunities and Potential
Investors considering the Huntsville real estate market have several promising avenues to explore. The consistent growth in house prices suggests that purchasing residential properties could yield solid returns over time. Rental properties are also an attractive option given the population increase, as there will likely be continued demand for rental accommodation.
The slower pace of price appreciation for apartments compared to houses may present an opportunity for investors looking for more affordable entry points into the market or those interested in diversifying their portfolio with smaller investments. Furthermore, since Huntsville is known for its seasonal tourism, short-term rental investments could benefit from the region’s recreational activities and natural attractions.
3. Future Market Outlook
The future outlook for Huntsville’s real estate market remains optimistic. The combination of steady population growth and ongoing interest in suburban and smaller-town living suggests that demand for both houses and apartments will remain strong. If current trends continue, we can anticipate further moderate price increases in both sectors of the market over the coming years.
However, investors should be mindful of external economic factors that could impact interest rates and borrowing costs, potentially affecting buyer affordability and investment yields. It is also important to consider local developments, infrastructure projects, or policy changes that may influence future property values and rental market dynamics in Huntsville.
