Inverhuron, Ontario 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 in Inverhuron, Ontario
Inverhuron, Ontario is currently experiencing a steady real estate market with the median house price sitting at $500,000. This reflects a year-over-year increase of 3.5%, indicating a healthy demand for single-family homes. The median apartment price is slightly lower, at $300,000, which has seen a more modest growth of 2.1% over the past year. These statistics suggest that the market in Inverhuron is progressively growing, albeit at a sustainable rate.
The population of Inverhuron stands at 15,000 residents with a notable population growth rate of 7.1%. This significant increase in residents is likely contributing to the demand for housing in the area and may be a driving factor behind the steady appreciation in property values.
Investment Opportunities and Potential in Inverhuron
Given the current market conditions, there are several investment opportunities within Inverhuron’s real estate sector. Investors looking to capitalize on the consistent increase in property values may consider purchasing single-family homes which have shown a stronger growth trend. The 3.5% growth in median house price suggests that investment properties could yield profitable returns through both capital appreciation and rental income.
Alternatively, apartments present a more affordable entry point into the real estate market with potential for long-term gains. With prices trending upwards by 2.1% year-over-year and an increasing population, demand for rental units could rise, presenting investors with an opportunity to generate stable rental income from these properties.
Future Market Outlook for Inverhuron Real Estate
Looking ahead, the future market outlook for Inverhuron appears promising. The consistent growth in property values coupled with robust population expansion suggests that demand for housing will continue to rise. If current trends persist, investors can expect ongoing appreciation in both house and apartment prices.
However, it’s important to note that external economic factors such as interest rates, employment rates, and broader economic conditions can impact local real estate markets. Investors should remain informed about both local and national economic indicators when making investment decisions.
In conclusion, Inverhuron’s real estate market offers strong potential for investors seeking steady growth and long-term value retention. With careful consideration of market conditions and trends, strategic investments made today could lead to substantial rewards in the future.
