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
Current Market Conditions and Trends
The real estate market in Jackville, Alberta reflects stability and moderate growth. The current median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes, which is consistent with the town’s robust population growth rate of 7.1%. The median apartment price is more accessible at $300,000, showing a slightly lower year-over-year appreciation of 2.1%. This difference in growth rates between house and apartment prices could indicate a stronger preference or demand for detached housing options in Jackville.
Investment Opportunities and Potential
Investors considering Jackville should note the town’s impressive population growth rate, which can be an indicator of economic health and a promising sign for rental demand. The steady increase in property values also points to a solid investment potential. Single-family homes offer more significant capital appreciation potential as evidenced by their higher growth rate compared to apartments. However, apartments might present an attractive entry point for investors due to their lower price point and potentially higher rental yield in a growing market.
Future Market Outlook
The future market outlook for Jackville appears positive based on current trends and demographic data. Assuming that the population continues to grow at the current rate of 7.1%, demand for housing is likely to remain strong, providing continued support for property prices. Moreover, the consistent upward trend in both house and apartment prices suggests that the real estate market in Jackville has yet to reach its peak and may offer more room for growth. Investors and homeowners should, however, keep an eye on economic indicators and local developments that could affect these trends.