Kingsville, Ontario 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
1. Current Market Conditions and Trends in Kingsville, Ontario
The current real estate market in Kingsville, Ontario, reflects a steady environment with moderate growth in property values. The median house price in the area is $500,000, which marks a 3.5% increase year-over-year. This suggests that the market is experiencing consistent appreciation, albeit at a sustainable rate that is not indicative of an overheated market.
Similarly, the median apartment price has been established at $300,000, following a more modest year-over-year increase of 2.1%. This slower growth rate compared to houses could indicate a slightly softer demand for apartments or a larger inventory relative to demand.
The population of Kingsville stands at 15,000 residents and has experienced significant growth at a rate of 7.1%. Such demographic trends are indicative of an expanding local economy and can contribute to sustained demand for housing in the region. The robust population increase could be due to various factors such as employment opportunities, lifestyle appeal, or immigration.
2. Investment Opportunities and Potential in Kingsville
In light of Kingsville’s growing population and stable property price increases, investment opportunities appear promising for both residential properties and rental market prospects. Investors should consider the consistent rise in median house prices as a signal of the town’s investment potential. The ongoing appreciation suggests that purchasing residential real estate could yield favorable capital gains over time.
The apartment sector’s slower growth rate offers an attractive entry point for investors looking to capitalize on rental income opportunities. With the town’s population on the rise, demand for rental units is likely to follow suit, providing potential for solid rental yields and long-term value appreciation.
Given these factors, investors should conduct thorough due diligence on local market conditions and consult with real estate professionals to identify specific opportunities that align with their investment strategies.
3. Future Market Outlook for Kingsville
The future outlook for Kingsville’s real estate market remains optimistic based on current trends and data. If the population continues to grow at its current pace, housing demand is expected to maintain or even increase. This bodes well for both homeowners and investors seeking long-term price appreciation.
The ongoing development of infrastructure and services to accommodate a growing population may also spur new construction and renovation projects. This could provide additional opportunities within the housing market while potentially increasing property values across various sectors.
However, potential investors and homebuyers must remain aware of broader economic conditions that may impact mortgage rates, employment levels, and general consumer confidence within the housing market.
To summarize, Kingsville represents a balanced market with healthy growth indicators that suggest continued potential for investment returns and steady property value appreciation. As always with real estate investments, careful analysis of personal financial circumstances and consultation with industry professionals are recommended before making any decisions.
