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Kemptville, 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 (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) 6.0
Land Area (km²) 2,500.5

Market Analysis





Kemptville, Nova Scotia Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Kemptville, Nova Scotia is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, reflecting both local economic stability and an attractive environment for prospective homeowners.

Apartments in Kemptville are also seeing a positive trend with a median price of $300,000 and a slightly lower year-over-year increase of 2.1%. This suggests that while the apartment market is growing, it is doing so at a more modest pace compared to houses.

The population in Kemptville has reached approximately 15,000 residents, with a robust growth rate of 7.1%. This significant increase in residents may be contributing to the rising demand for housing and can be seen as an indicator of economic vitality and potential for further real estate development.

Investment Opportunities and Potential

Kemptville’s real estate market presents several investment opportunities. The consistent rise in house prices signifies strong capital appreciation potential for investors looking to purchase residential properties. Given the population growth and increased demand, rental properties could also offer stable rental yields over time.

The slower growth rate in apartment prices compared to houses suggests there might be an untapped market segment or potential for new developments that cater to different demographics, such as young professionals or smaller families seeking more affordable housing options.

In light of these conditions, investors should consider both short-term renovations-and-flips and long-term hold strategies, depending on their investment objectives and the specific segments of the market they wish to target.

Future Market Outlook

The future outlook for Kemptville’s real estate market appears positive. The ongoing population growth paired with current housing trends indicates sustained demand. As long as this demographic expansion continues alongside supportive local economic policies, it is likely that both the house and apartment markets will maintain upward price trajectories.

However, investors should monitor potential headwinds such as interest rate changes, economic shifts, and government housing policies that could affect affordability and investment attractiveness. Strategic investments should be informed by these factors as well as forecasts for regional economic development that could further bolster Kemptville’s real estate market.

This analysis was conducted by a Canadian real estate market analyst and reflects data available up to the knowledge cutoff date in 2023. For more detailed information or tailored advice on specific investments in Kemptville, Nova Scotia, consulting with a local expert is recommended.