Kikino, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Kikino, Alberta, the real estate market is currently experiencing steady growth. The median house price stands at $485,000, with a year-over-year increase of 3.2%. This indicates a stable appreciation in value for homeowners and suggests a healthy demand for single-family homes.
Similarly, the apartment market is showing positive trends with the median apartment price at $295,000 and an annual growth rate of 2.5%. These figures reflect a consistent but slightly slower growth compared to houses, which may be attributed to market demand dynamics and investment patterns specific to Kikino.
The population of Kikino has reached 15,200 residents with a robust growth rate of 2.7%. This population increase is a key driver for housing demand and can be seen as a contributing factor to the current real estate market conditions.
Investment Opportunities and Potential
The steady increase in property values in Kikino presents appealing opportunities for real estate investors. The ongoing appreciation trend suggests that investing in residential properties could yield positive returns over time. Single-family homes, with their higher growth rate, are particularly attractive for long-term investment strategies.
Apartments offer a relatively lower entry point for investors given the median price point of $295,000. The consistent growth in apartment values also points towards a sustainable market segment that could be suitable for those looking to diversify their portfolio or enter the real estate market at a more affordable level.
Additionally, with the population expected to continue growing, demand for rental properties is likely to remain strong. This provides an opportunity for investors to capitalize on potential rental income along with asset appreciation.
Future Market Outlook
The future outlook for Kikino’s real estate market remains optimistic. The sustained population growth will likely continue fueling demand for housing across all sectors. Assuming that economic conditions remain favorable and with no major policy changes affecting the housing market, both house and apartment prices are expected to maintain their upward trajectory.
However, external factors such as interest rates, employment rates, and regional economic developments should be monitored closely by investors as they can significantly impact market conditions. With careful analysis and strategic planning, stakeholders in Kikino’s property market can look forward to continued growth and investment potential in the coming years.
