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Kemble, 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






Kemble, Ontario Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Kemble, Ontario, presents a stable environment with a median house price currently sitting at $500,000. Over the past year, the market has experienced a moderate increase in house prices at a rate of 3.5% year-over-year. This trend suggests steady growth without the volatility seen in some larger markets. Similarly, the median apartment price has also grown but at a slightly slower pace of 2.1% year-over-year to reach $300,000. These figures indicate balanced conditions that are conducive to both selling and buying.

With a population of 15,000 that has grown by 7.1%, Kemble is experiencing significant demographic expansion likely due to its attractiveness to individuals and families seeking a mix of rural charm and access to urban amenities. This influx may be partially responsible for the steady real estate appreciation rates.

Investment Opportunities and Potential

The investment opportunities in Kemble’s real estate market are promising due to its growing population and consistent property value appreciation. The steady increase in housing prices suggests that purchasing residential property could yield profitable returns over time through both capital gains and rental income.

Given the lower price point of apartments compared to houses, there is potential for investors to enter the market at a more accessible level with $300,000 median apartment prices. The modest yet sustained growth rate for apartments could appeal to investors looking for less volatile assets or those interested in targeting the rental market for smaller households or professionals.

Moreover, as population growth continues to outpace new housing supply, demand is likely to remain strong. Investors should consider areas within Kemble where infrastructure development or community enhancements are planned, as these locations may see above-average price growth.

Future Market Outlook

Moving forward, the outlook for Kemble’s real estate market appears optimistic. The continuous population growth coupled with steady economic fundamentals points towards a continuing demand for housing. Should these trends persist, the market could maintain its current trajectory of moderate price increases.

However, potential investors and homebuyers should be mindful of broader economic conditions that might affect interest rates and borrowing costs. Additionally, monitoring local developments such as zoning changes or large-scale construction projects will be crucial for understanding how they might influence future property values.

In conclusion, Kemble offers a healthy real estate market with opportunities for both stable long-term investments and potential short-term gains. Keeping abreast of local and national economic indicators will be key in making informed decisions within this dynamic market.