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 (2024) | 15,000 |
| Previous Population (2019) | 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 currently presents a stable and growing environment. The median house price stands at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for single-family homes in the area, reflecting confidence in the local economy and the desirability of residential properties.
In the apartment sector, the median price is set at $300,000, showing a slightly more modest year-over-year increase of 2.1%. This growth rate suggests that apartments are also in demand, though possibly appealing to a different segment of the market such as first-time homebuyers or investors looking for rental properties.
The population of Jackhead has been growing robustly at a rate of 7.1%, which is significantly higher than many other regions. This influx can be attributed to various factors including employment opportunities, quality of life, and attractive real estate options. The growing population is likely contributing to the steady appreciation of property values as demand continues to rise.
Investment Opportunities and Potential
The consistent growth in property values coupled with the substantial population increase suggests that Jackhead offers promising investment opportunities. Investors considering entering this market can expect continued appreciation in property values based on current trends. Single-family homes seem particularly promising given their higher growth rate.
Apartments also pose an attractive investment opportunity, especially for those looking to engage with the rental market. With the population growth outpacing housing supply, rental demand is expected to increase, potentially leading to higher rental yields for property owners.
Given the current market conditions, investing in new construction could meet the needs of an expanding population while contributing to portfolio diversification and capital gains over time.
Future Market Outlook
The future outlook for Jackhead’s real estate market appears favorable. The strong population growth is expected to continue fueling demand for housing across all sectors. If economic conditions remain stable and supportive, the housing market should maintain its upward trajectory with respect to property values and investment returns.
However, potential investors should monitor economic indicators closely for signs of fluctuations that could affect interest rates or employment levels as these factors have direct impacts on real estate markets.
Overall, Jackhead presents itself as a robust market with significant potential for both homeowners looking to benefit from property value appreciation and investors seeking profitable investment opportunities.
