Inglis, 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
Current Market Conditions and Trends
The real estate market in Inglis, Manitoba currently shows a stable growth pattern. With the median house price at $500,000 and experiencing a year-over-year increase of 3.5%, the local housing market is showing healthy appreciation. Similarly, the median apartment price is set at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This indicates a consistent demand for residential properties in Inglis.
The population of Inglis is approximately 15,000 residents, and has seen a robust growth rate of 7.1%. This demographic trend suggests an expanding community that could lead to increased housing demand and potential upward pressure on property prices.
Investment Opportunities and Potential
Given the steady increase in property values and the burgeoning population, Inglis presents several promising investment opportunities. The sustained growth in house prices reflects a strong market that could benefit long-term investors seeking capital gains. Moreover, the continuous rise in population indicates potential for rental properties to cater to those who are new to the area or cannot afford to purchase homes immediately.
With apartment prices increasing at a slower rate compared to houses, there may be an opportunity for investors to enter the market more affordably while still benefiting from appreciation over time. Additionally, the rental market could expand due to the affordability gap between houses and apartments, potentially providing attractive returns for landlords.
Future Market Outlook
The future real estate market outlook for Inglis, Manitoba remains optimistic. The ongoing population growth aligns with economic development plans which can contribute to sustaining property demand. If current trends persist—moderate price increases and steady demographic expansion—the market could see continued health and resilience.
However, it’s important for investors and potential homebuyers to monitor external factors such as interest rates, employment rates, and broader economic conditions that can impact local real estate markets significantly. Vigilance in these areas will be key in adapting investment strategies to maintain profitability and hedge against possible market shifts.
