Kingman, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.1% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Kingman, Alberta is currently experiencing moderate growth. The median house price in the area is $485,000, marking a 3% year-over-year increase. This indicates steady growth in the housing sector and reflects a healthy demand for residential properties. The apartment segment shows a more modest growth with the median apartment price standing at $295,000, which is up by 1.9% year-over-year. The consistent rise in property values can be linked to the town’s growing population, which has seen a significant increase of 5.14%.
2. Investment Opportunities and Potential
With Kingman’s population now reaching approximately 15,200 residents, there is an evident upward trajectory in both demand and property valuations. Investors looking to capitalize on this growing market may find attractive opportunities particularly in the residential housing sector, where the higher percentage increase suggests a robust appetite for single-family homes.
The sustained population growth not only drives housing demand but also presents potential for rental investments, as newcomers may look for temporary or rental accommodations before purchasing homes. Given that prices are ascending at a moderate pace, investors might anticipate continued appreciation in property values while also potentially yielding steady rental income.
3. Future Market Outlook
The future market outlook for Kingman appears optimistic based on current trends and demographic factors. Assuming that the local economy remains stable and supportive of the current population growth rate, we can expect ongoing demand for housing to persist. While no market is entirely predictable, the gradual yet consistent increases in property prices suggest that Kingman’s real estate market is positioned for sustainable growth over the long term.
Investors should monitor key economic indicators such as employment rates, infrastructure developments, and migration patterns, all of which could impact future market dynamics. Additionally, keeping an eye on government policies related to housing can provide insight into how accessible home ownership will be for residents and what support structures are available for buyers and investors alike.
