Kinsella, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| 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 | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Kinsella, Alberta, the real estate market is showing steady growth, with a median house price of $485,000, which indicates a 2.8% year-over-year increase. The market for apartments is also experiencing growth, albeit at a slightly slower pace. The median apartment price stands at $295,000, following a 1.9% year-over-year rise. This gradual appreciation of property values suggests a stable and growing market.
The local population has reached 15,500 and is on the rise with a robust growth rate of 3.3%. This increasing population trend can contribute to sustained demand in the housing market.
Investment Opportunities and Potential
The real estate market in Kinsella offers promising investment opportunities. Given the moderate yet consistent growth in property values, investors could potentially benefit from capital gains over time. The steady population increase serves as an indicator of potential rental demand, thereby making rental properties an attractive option for investors looking to generate passive income.
New developments and infrastructure projects may further bolster investment potential in the area. Investors should pay close attention to such projects as they can significantly impact property values and rental rates.
Future Market Outlook
The outlook for Kinsella’s real estate market remains positive. Assuming that both the population growth and economic conditions remain favorable, the demand for housing is expected to maintain its upward trajectory. The consistent increase in median house and apartment prices suggests a healthy market that could continue to offer value appreciation opportunities for homeowners and investors alike.
However, prospective buyers and investors should conduct thorough due diligence and monitor economic indicators closely as external factors such as interest rate changes or broader economic shifts could impact these trends.
