Jackhead, 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 Jackhead, Manitoba is currently experiencing a period of growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This steady upward trend indicates a healthy demand for single-family homes in the area. Similarly, the apartment market is showing positive growth, with the median apartment price at $300,000 and an annual price increase of 2.1%. The population of Jackhead has reached 15,000 residents and is rising at a rate of 7.1%, further fueling housing demand. These statistics suggest a robust market with ongoing interest from buyers.
Investment Opportunities and Potential
For investors considering the Jackhead real estate market, there is significant potential for both short-term gains and long-term appreciation. The consistent growth in housing prices is indicative of a strong investment climate. Single-family homes are particularly promising due to their higher year-over-year price increase compared to apartments. Investors should also note the substantial population growth as it may lead to increased rental demand, thus providing opportunities for rental income properties. New developments or renovations in existing properties could cater to the growing community’s needs and preferences.
Future Market Outlook
Looking ahead, the future market outlook for Jackhead is optimistic. Assuming current trends continue, one can expect property values to keep rising at a steady pace. The robust population growth rate suggests that Jackhead will likely maintain or even increase its demand for housing over the coming years. However, potential investors should monitor local economic factors and development plans that may impact the real estate market’s trajectory. Careful analysis of these variables will be essential for making informed investment decisions in this dynamic market.
