Kinuso, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.3% |
| Quarterly trend | 4.0% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $440,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $245,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $420,000 |
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
Kinuso, Alberta is currently experiencing a relatively stable real estate market. With a median house price of $485,000 and an annual growth rate of 4%, the market is showing consistent upward momentum. Similarly, the apartment sector is also seeing growth with a median price point of $295,000 and a year-over-year price increase of 2.5%. This steady appreciation in property values is indicative of a healthy real estate market that attracts both homeowners and investors.
The population in Kinuso has been growing at a rate of 3.3%, suggesting an increasing demand for housing. This demographic trend can be expected to continue supporting the real estate market as new residents seek accommodation, fuelling further development and investment in the area.
Investment Opportunities and Potential
Given the current trends, Kinuso presents promising investment opportunities. The continuous rise in property prices reflects strong market fundamentals and potential for capital gains over time. Investors looking to capitalize on rental income will find the growing population and limited housing supply beneficial for maintaining low vacancy rates and potentially higher rents.
New developments, renovations, and redevelopments may also offer lucrative opportunities as demand for modern living spaces increases. With the town’s growth trajectory, properties in strategic locations—close to amenities, transportation hubs, or employment centres—are likely to experience enhanced value appreciation.
Future Market Outlook
The future real estate market outlook for Kinuso is optimistic. Population growth is set to sustain demand for housing, which may lead to further price increases if supply does not keep pace with demand. However, investors should monitor local economic indicators and development plans closely as these factors will influence the market’s direction.
The local government’s ability to attract business investment and improve infrastructure will also play a crucial role in shaping the future of Kinuso’s real estate landscape. Should there be significant improvements in these areas, we can expect an even stronger market performance with greater interest from outside investors.
In summary, those considering entering the Kinuso real estate market should do so with confidence but remain cognizant of broader economic conditions that could impact their investment in the long term.
