Isabella, 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 Isabella, Manitoba, is currently characterized by steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of healthy appreciation. Similarly, the median apartment price stands at $300,000, which is also on an uptrend with a 2.1% rise over the past year. The population of Isabella has grown to 15,000 residents, indicating a robust 7.1% growth rate. This demographic expansion suggests increased demand for housing and could be a key driver behind the continuing appreciation in property values.
Investment Opportunities and Potential
Isabella’s real estate market presents several attractive investment opportunities. The consistent growth in both house and apartment prices points towards a stable investment environment. With houses experiencing a higher appreciation rate than apartments, investors may find greater potential for capital gains in the single-family home segment. However, apartments offer a more accessible entry point into the market due to their lower median price point.
The population growth rate significantly surpasses national averages, which may lead to heightened demand for rental properties. Consequently, investors looking into buy-to-let properties might benefit from potentially strong rental yields and low vacancy rates as the local population increases.
Future Market Outlook
The future outlook for Isabella’s real estate market remains positive. The consistent upward trend in property values is likely to continue given the sustained population growth and the subsequent demand for housing. As long as economic conditions remain favorable and the area’s attractiveness persists, both residential property prices and rental market prospects are expected to maintain an upward trajectory.
In conclusion, while careful analysis and due diligence are always advised when making investment decisions, current trends and data indicate that Isabella’s real estate market is poised for continued growth with favorable conditions for investors seeking long-term capital gains or rental income.
