Kinuso, Alberta 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 in Kinuso, Alberta
The real estate market in Kinuso, Alberta is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests that the housing market is healthy and appreciating at a moderate pace. Similarly, apartment prices are also on the rise, with the median value at $300,000 and a slightly lower year-over-year growth rate of 2.1%. This growth in apartment prices indicates a consistent demand for more affordable and versatile housing options within the region.
With a population of 15,000 that has grown by 7.1%, Kinuso is experiencing significant demographic expansion, which is likely contributing to the increased demand for housing. This surge in population suggests that the market may continue to see heightened activity as new residents seek accommodation.
Investment Opportunities and Potential
Investors looking at Kinuso will find promising opportunities given the positive trends in property values. The consistent appreciation in home prices provides an optimistic outlook for capital gains over the long term. Moreover, the robust population growth indicates an expanding customer base for rental properties, potentially leading to favorable returns on investment from rental income.
The steady climb in apartment prices also presents an opportunity for investors to enter a less saturated segment of the market with a lower initial investment compared to houses. As affordability becomes more important for new entrants into the housing market or those looking to downsize, apartments could become increasingly desirable.
Taking into account these factors, Kinuso’s real estate market appears well-positioned for various types of investors, whether they are interested in single-family homes or multifamily units.
Future Market Outlook
The future outlook of Kinuso’s real estate market looks promising. The sustained population growth acts as a fundamental driver of demand for housing, which is expected to maintain upward pressure on property prices. If current trends continue and the local economy remains stable or grows, one can anticipate ongoing appreciation in both house and apartment prices.
However, potential investors and homeowners should monitor key economic indicators and be mindful of external factors such as interest rates, employment rates, and regional economic development projects which could influence the trajectory of the market.
In summary, given the strong underlying demographics and consistent price growth trends seen thus far, Kinuso stands out as an attractive destination for both living and investing in real estate over the foreseeable future.
