Kipp, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.4% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
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
The real estate market in Kipp, Alberta, is currently experiencing a stable growth phase. With a median house price of $485,000, there has been a notable year-over-year increase of 3.8%. This suggests a steady demand for housing in the area which is likely being driven by the town’s ongoing population growth, currently at 3.3%.
Similarly, the apartment sector is also witnessing growth, albeit at a slightly slower pace. The median apartment price stands at $295,000 with a year-over-year trend showing an increase of 2.4%. This consistent growth in property values reflects a balanced market where supply meets demand without causing inflationary spikes or market stagnation.
Investment Opportunities and Potential
Given Kipp’s continuing population growth and the steady appreciation of property values, the real estate market presents various investment opportunities. The consistent increase in median house prices indicates that purchasing residential property could potentially yield substantial capital gains over time.
Apartments offer a more accessible entry point for investors, with prices that are significantly lower than houses. The year-over-year growth in apartment prices also suggests that this segment of the market holds promise for investors looking for long-term asset appreciation as well as rental income potential given the growing population and possible demand for rental units.
Future Market Outlook
The future outlook for Kipp’s real estate market appears positive. The combination of population growth and steady increases in property values indicates that the demand for housing will continue to rise. As long as economic conditions remain favorable and no major policy changes disrupt the market dynamics, both residential houses and apartments are poised to be sound investments.
Investors should monitor local economic developments and infrastructure projects that could further influence property demand and prices. Additionally, keeping an eye on national economic indicators will provide insights into potential interest rate changes that could affect mortgage rates and affordability.
