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
Current Market Conditions and Trends
The real estate market in Kemble, Ontario, is currently experiencing stable growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%, indicating a healthy demand for housing in the area. The apartment sector is also showing positive movement with a median price at $300,000 and a 2.1% year-over-year price trend. This suggests a steady market with opportunities for homebuyers and investors alike.
The population of Kemble has been growing at an impressive rate of 7.1%, which may be contributing to the increased demand for housing. The demographic shifts are likely driving both the sales volume and the gradual price increases observed in the housing market.
Investment Opportunities and Potential
Given the steady growth in property values and population expansion, Kemble’s real estate market presents numerous investment opportunities. The consistent rise in median house prices points towards a market with underlying strength and resilience, potentially rewarding long-term investment strategies.
Investors might find particular potential in the apartment sector due to its more modest price point and solid appreciation rate of 2.1% annually. With population growth outpacing current housing stock increases, demand for multi-family units could escalate, pushing apartment prices upward and yielding significant returns for investors.
Future Market Outlook
The future outlook for Kemble’s real estate market remains optimistic based on current trends. Continued population growth is expected to maintain pressure on housing supply, potentially leading to further increases in property values over time. However, investors and homebuyers should remain aware of broader economic conditions that could impact interest rates and affordability.
The sustained year-over-year growth rates suggest that while the market is not overheated, it is performing robustly. If these trends persist alongside economic stability, Kemble’s real estate market could see ongoing appreciation, making it an attractive option for both residential purchasers and real estate investors looking for stable growth prospects.