Kingman, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.8% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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
The current real estate market in Kingman, Alberta reveals a stable environment with moderate growth. The median house price stands at $495,000, which reflects a steady year-over-year increase of 2.8%. Similarly, the median apartment price is currently $290,000, experiencing a slightly lower year-over-year growth rate of 1.9%. This suggests that houses are appreciating at a marginally faster rate than apartments.
The population of Kingman has reached approximately 15,500 residents, with a notable population growth rate of 3.33%. This demographic expansion indicates a healthy demand for housing which may contribute to the steady appreciation of property values in the area.
Investment Opportunities and Potential
The consistent price appreciation in Kingman’s housing market presents promising investment opportunities. With both housing and apartment prices showing upward trends, investors can anticipate potential gains from property appreciation over time. The higher growth rate in house prices compared to apartments suggests that investing in single-family homes might provide better capital gains in the long term.
The robust population growth also points to an increasing demand for rental properties. Investors interested in generating passive income through renting might find favorable conditions in both the apartment and house segments due to an expanding tenant base.
Future Market Outlook
Looking ahead, Kingman’s real estate market is poised for continued growth. The population is on an upward trajectory, which should maintain or even increase the demand for housing. If current trends persist, property values are likely to continue their gradual rise, keeping the market attractive for both homeowners and investors alike.
In light of these factors, it is reasonable to project that Kingman will maintain its status as a stable and potentially lucrative market for real estate investments. Both short-term gains through flipping and long-term returns via rental income or property appreciation appear attainable assuming no significant economic or regulatory changes.
