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 (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
Kenton, Manitoba’s real estate market is currently experiencing a period of steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for single-family homes, which may be partly driven by the region’s robust population growth of 7.1%. The consistent appreciation in house prices indicates a stable investment environment for residential properties.
In contrast, the apartment sector presents a more modest growth trajectory, with median prices at $300,000 and witnessing a 2.1% rise over the past year. This difference in growth rates between houses and apartments may point to varying consumer preferences or potential shifts in the market dynamics towards single-family homes.
Investment Opportunities and Potential
The investment landscape in Kenton offers promising opportunities, especially within the housing sector. Given the solid population increase and the upward trend in house prices, investors can potentially benefit from capital gains over time. The sustained growth suggests that demand for housing is likely to remain strong, thereby offering attractive rental yields as well.
For those considering investing in apartments, while the price appreciation is lower compared to houses, it represents an opportunity for investors looking for more affordable entry points into real estate or those focusing on long-term rental income strategies. Apartments may appeal to smaller households or younger demographics who prioritize location and amenities over space.
Future Market Outlook
The future of Kenton’s real estate market looks optimistic based on current trends and demographic momentum. If the population continues to grow at its present rate of 7.1%, demand for housing will likely sustain or even increase, potentially leading to further price appreciations across both houses and apartments.
Nevertheless, potential investors should monitor local economic factors that could influence property values and rental markets. Macro-economic conditions such as interest rates, employment rates, and regional development plans could also play significant roles in shaping Kenton’s real estate market trajectory.
