Kingsville, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 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 real estate market in Kingsville, Ontario, is experiencing a period of steady growth. The median house price in the area currently stands at $520,000, which marks a year-over-year increase of 4%. This consistent uptick in home prices reflects a healthy demand for residential properties and a relatively stable market environment.
Similarly, the apartment sector has seen positive growth with the median apartment price reaching $310,000, climbing by 2.5% compared to the previous year. This gradual appreciation in apartment values indicates a growing interest in more affordable and lower-maintenance living spaces, aligning with broader trends across many Canadian municipalities.
The population of Kingsville has grown to 15,500 residents, showcasing a robust growth rate of 3.3%. This influx of new residents is contributing to the sustained demand for housing within the town and is reflective of its appeal as a place to live.
Investment Opportunities and Potential
Kingsville’s real estate market presents attractive opportunities for investors looking to benefit from the region’s growth potential. The consistent rise in property values points to a market that is ripe for investments in both residential homes and apartments. With house prices appreciating at a moderate pace, investors may find that single-family homes offer a solid balance between risk and return.
Apartments offer an alternative investment opportunity with their lower entry price point and appealing 2.5% year-over-year value increase. Rental properties are likely to be in high demand given the town’s growing population, providing potential for steady cash flow and long-term capital gains.
The town’s demographic trends suggest that there will be an ongoing need for diverse types of housing, including family homes as well as units that cater to young professionals and downsizers. Investors should consider these dynamics when evaluating the type of property to invest in within Kingsville’s evolving market landscape.
Future Market Outlook
Looking towards the future, Kingsville’s real estate market is poised for continued growth. The population increase of 3.3% not only reflects the attractiveness of the area but also lays the groundwork for ongoing demand for housing. As more individuals and families choose Kingsville as their home, the pressure on both the rental and purchase markets will likely sustain the upward trend in property values.
The strategic positioning near major urban centers while offering a quieter lifestyle is expected to continue drawing residents. Additionally, economic developments within the region could further bolster job creation and enhance property value appreciation over time.
In conclusion, while no market is immune to fluctuations, current indicators such as steady price increases, population growth, and regional development suggest that Kingsville remains an appealing market for both homeowners and investors alike. Prudent investment strategies tailored to these local conditions have the potential to yield significant benefits as this community progresses.
