Kenton, Manitoba 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 in Kenton, Manitoba
The real estate market in Kenton, Manitoba is experiencing a period of steady growth. The median house price in the area is currently $500,000, reflecting a year-over-year increase of 3.5%. This growth rate indicates a healthy demand for single-family homes, likely driven by both local buyers and those from outside the region seeking more space and a quieter lifestyle.
In comparison, the median apartment price stands at $300,000, with a more modest year-over-year appreciation of 2.1%. The slower growth rate for apartments may suggest a market that is slightly less dynamic than that for houses but still shows positive movement. The differential in price trends between houses and apartments may indicate that families and long-term residents are driving demand, as opposed to short-term investors or renters.
The population of Kenton has reached 15,000 residents, growing at an impressive rate of 7.1%. This surge suggests a robust local economy or lifestyle appeal that is attracting new residents. The influx of new residents can be expected to continue fueling housing demand across all sectors.
Investment Opportunities and Potential
Kenton’s solid population growth combined with ascending property values presents a promising opportunity for real estate investors. Single-family homes represent a particularly attractive investment due to their higher appreciation rate. Investors should note the sustained increase in median house prices as an indicator of the potential for continued capital gains.
Apartments offer an alternative investment avenue with a more affordable entry point at $300,000. While their appreciation is lower compared to houses, the steady increase in value coupled with potential rental income could make apartments appealing for those looking to diversify their portfolios or enter the market at a lower price point.
Given the strong population growth, there may be additional opportunities in developing new residential properties or renovating existing ones to meet the increasing housing demand in Kenton. Investors and developers should also consider the potential for commercial real estate development to support the expanding community.
Future Market Outlook
The future market outlook for Kenton appears positive. The combination of steady price increases and significant population growth positions Kenton as an area ripe for continued real estate development and investment. Should these trends persist, both housing prices and rental rates are likely to rise further, providing ongoing opportunities for capital gains and income generation.
However, investors must remain aware of macroeconomic factors such as interest rates and employment levels which could influence market conditions moving forward. Vigilant monitoring of local developments such as infrastructure projects or changes in zoning laws will also be crucial in identifying future prospects within Kenton’s real estate landscape.
To capitalize on these trends, strategic investments focused on areas of highest demand—primarily single-family homes—may offer the most substantial returns over time. With careful analysis and selection of properties, investors can potentially secure profitable outcomes in this growing Manitoban community.
