Kempt, Nova Scotia 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Kempt, Nova Scotia, the real estate market is showing consistent growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a stable upward trend in property values for single-family homes. Meanwhile, the apartment sector shows a slightly more modest growth, with the median apartment price at $300,000 and an annual appreciation rate of 2.1%. The current trends suggest a healthy demand for both houses and apartments in the region.
Investment Opportunities and Potential
The positive trajectory of Kempt’s housing market is complemented by its population growth of 7.1%. This demographic expansion has been fueling housing demands, making it an attractive locale for investors seeking long-term capital gains or rental income opportunities. Given the steady appreciation rates for both houses and apartments, investment in Kempt’s real estate is poised to be a robust asset class with potential for sustained growth.
Future Market Outlook
The future market outlook for Kempt remains optimistic. With a growing population currently at 15,000 residents, there is likely to be continued demand for housing. As the national economy recovers and remote work trends possibly increase the appeal of smaller communities like Kempt, property values may experience further upwards momentum. Investors and homebuyers can expect a favorable environment for entering the market, supported by the consistent growth patterns observed over recent years.
