Kemptville, 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 (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
1. Current Market Conditions and Trends
The real estate market in Kemptville, Ontario is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of sustainable expansion. The median apartment price is also on the rise, albeit at a slightly slower pace, with a 2.1% year-over-year increment, reaching $300,000. A contributing factor to these positive trends may be the robust population growth of 7.1%, which indicates a burgeoning demand for housing in the area.
2. Investment Opportunities and Potential
Investors considering Kemptville for real estate opportunities may find potential in various sectors of the market. The consistent rise in house prices suggests a healthy resale market for single-family homes. Apartments are becoming an increasingly attractive option as well due to their affordability and appeal to smaller households or individuals looking to enter the housing market. The strong population growth not only drives demand for residential properties but also enhances the viability of commercial real estate investments as businesses seek to cater to the expanding community.
3. Future Market Outlook
The future outlook for Kemptville’s real estate market appears optimistic. Population growth remains a key driver for housing demand, which is likely to continue fueling both the development sector and resale market. If current trends persist, investors can expect ongoing appreciation in property values, although it’s important to remain vigilant about economic factors that could affect interest rates and borrowing costs. Given these considerations, Kemptville represents a promising market for both short-term gains and long-term investment strategies.
