Kingsport, Nova Scotia 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
The real estate market in Kingsport, Nova Scotia is currently experiencing a period of steady growth. With a median house price of $500,000 and an upward year-over-year trend of 3.5%, the housing sector shows signs of continued demand and increasing property values. Similarly, the median apartment price is marked at $300,000, following a slightly more modest growth trend of 2.1% annually. This consistent growth can be attributed to several factors, including Kingsport’s growing population, which has seen a 7.1% increase. The influx of new residents suggests a robust local economy and a positive job market that can support real estate investment and development.
Investment Opportunities and Potential
Kingsport’s real estate market presents diverse investment opportunities for both residential and commercial properties. Given the steady growth in property values, investors might find long-term capital gains by purchasing residential homes or apartments to rent or sell as market prices appreciate. The 7.1% population growth not only indicates a need for more housing but also suggests potential for expanding local businesses and services, which could benefit from commercial real estate investments.
With the median house price currently at half a million dollars and showing stable year-over-year growth, residential properties are likely to offer secure investment opportunities. Apartments, with their lower median price point and consistent appreciation, represent an accessible entry into the property market for new investors seeking to capitalize on the area’s rising demand for rental units.
Future Market Outlook
The future outlook for Kingsport’s real estate market appears promising. Population growth remains a driving force behind demand for both housing and commercial space, which is likely to sustain property value appreciation in the foreseeable future. Assuming current economic conditions persist, including interest rates and employment rates, Kingsport should continue to see a balanced market with opportunities for both buyers and sellers.
Investors considering entering the Kingsport real estate market should monitor interest rate trends and local economic indicators closely, as these could impact borrowing costs and investment returns. Nonetheless, with its ongoing population growth and steady property value increase, Kingsport presents an attractive market for those looking to invest in real estate over the long term.
