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
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.