Jackville, Alberta 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
1. Current Market Conditions and Trends
The real estate market in Jackville, Alberta, currently displays a stable and incremental growth pattern. With the median house price at $500,000, there has been a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes, possibly driven by the town’s growing population and economic factors.
In contrast, the apartment sector is experiencing a slower yet steady rise with the median apartment price sitting at $300,000, following a 2.1% year-over-year upward trend. This differential growth may indicate a stronger preference or need for more spacious living accommodations in Jackville or could suggest an investment shift towards houses over apartments.
2. Investment Opportunities and Potential
Jackville’s real estate market presents several promising investment opportunities. The steady growth in housing prices reflects lasting market strength, which is attractive for long-term investors looking to capitalize on capital appreciation. The 7.1% population growth further underpins this potential as it signals ongoing demand for housing.
Investors interested in rental properties might find the apartment market particularly appealing due to its accessibility at a lower price point and its consistent growth trend. The influx of new residents could drive demand for rental units, potentially leading to competitive yields on investment properties.
3. Future Market Outlook
The future outlook for Jackville’s real estate market remains optimistic based on current trends and demographic projections. As the population continues to grow, demand for both houses and apartments is likely to maintain an upward trajectory, sustaining property value increases.
Economic development initiatives and infrastructure improvements could further bolster the real estate market by attracting new residents and businesses to the area. However, prospective investors should monitor interest rate trends, local employment rates, and national economic indicators as these factors can influence buyer affordability and overall market health.
