Kearney, Ontario 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 in Kearney, Ontario
The real estate market in Kearney, Ontario, is characterized by a steady growth pattern as evidenced by the median house price of $500,000, reflecting a 3.5% year-over-year increase. This moderate appreciation rate suggests a healthy and stable market environment that is attractive to both homeowners and investors. Similarly, the median apartment price has experienced a growth trend at 2.1% year-over-year, reaching $300,000.
The sustained price increases indicate a consistent demand for housing which may be influenced by the town’s population growth of 7.1%. The demographic expansion is likely contributing to the demand for residential properties and could be indicative of an influx of new residents or an improved local economy.
Moreover, the balance between affordability and price appreciation presents an appealing scenario for buyers who are seeking value without foregoing the potential for capital gains. The current trends suggest that Kearney’s real estate market is on a positive trajectory with no immediate signs of overheating or excessive speculation.
Investment Opportunities and Potential in Kearney
Given the ongoing market trends, Kearney presents several investment opportunities particularly for those looking to tap into the residential sector. The steady increment in house prices coupled with significant population growth provides a fertile ground for rental investments as more people may seek housing options within the community.
From an investor’s perspective, the current median house and apartment prices are relatively accessible compared to larger urban centers, potentially offering higher yields on rental income relative to property value. Moreover, the moderate pace of price appreciation ensures that investments are not only secure but also likely to benefit from gradual equity growth over time.
Developers could also find potential in expanding the housing stock to meet the growing demand fueled by population increase. Carefully planned residential projects can cater to different segments within the housing market such as single-family homes, apartments or townhouses.
Future Market Outlook for Kearney
The future outlook for Kearney’s real estate market remains optimistic based on current data trends. With a robust population growth of 7.1%, there will likely continue to be strong underlying demand for housing in both purchase and rental markets.
If current economic conditions persist and Kearney maintains its appeal as a desirable place to live, it can be expected that both house and apartment prices will continue their upward trajectory at a measured pace. This suggests sustained investment opportunities with reasonable risk profiles over the medium to long term.
However, investors should remain vigilant about broader economic factors that can affect regional markets including interest rate changes, employment rates, and government policies related to housing and development. Monitoring these variables will be key to understanding potential shifts in market dynamics that could impact future performance in Kearney’s real estate landscape.
