Kippens, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.9% |
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 | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.1% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Kippens, Newfoundland and Labrador is currently experiencing a period of modest growth. The median house price stands at $495,000, which reflects a year-over-year increase of 3.3%. This uptick indicates a steady demand for housing in the area, supported by the local economy and demographic trends. Similarly, median apartment prices have risen to $295,000, marking a slightly lower but still positive year-over-year growth of 2.5%. The consistent increase in property values suggests that Kippens is maintaining a balanced market with sustainable growth rates.
Investment Opportunities and Potential
Investment opportunities within Kippens appear promising due to the continuous population growth, which is currently at 5.14%. This influx of residents creates a higher demand for housing, making real estate investments particularly attractive. Given the current trends, investors may find good potential in both the residential housing sector and apartment complexes. The steady appreciation in property values also offers the possibility for long-term capital gains. Furthermore, as the local economy diversifies and strengthens, rental properties could provide stable income streams due to increasing rental demand from those moving into the area for work or study.
Future Market Outlook
Looking ahead, the Kippens real estate market is poised for continued growth. The population is expanding at a healthy rate, which should underpin demand for housing. Assuming that economic conditions remain favorable and that infrastructure developments keep pace with population growth, the property market is expected to maintain its upward trajectory. The moderate yet consistent price increases suggest that Kippens could be approaching a seller’s market; however, it remains accessible enough for buyers and investors to enter without significant barriers. Careful monitoring of economic indicators and development plans will be crucial for those looking to invest or purchase property in this region.
