Lakehurst, Ontario Real Estate Market Data
Updated: Nov 2024
House
Median price | $525,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.7% |
Apartment
Median price | $320,000 |
Monthly growth | 1.0% |
Quarterly trend | 2.5% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $450,000 |
3 bedrooms | $525,000 |
4 bedrooms | $650,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $260,000 |
2 bedrooms | $360,000 |
3 bedrooms | $480,000 |
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 Lakehurst, Ontario is currently experiencing steady growth. The median house price stands at $525,000, which indicates a year-over-year increase of 4%. This growth rate suggests a healthy demand for housing in the area, likely driven by favorable local economic conditions and its attractiveness to families and professionals.
On the other hand, the median apartment price is currently $320,000, with a slightly lower growth rate of 2.5% year-over-year. This difference in growth rates may reflect a stronger preference for detached homes in the region or could signal an emerging opportunity in the apartment sector for investors seeking lower entry points into the market.
Investment Opportunities and Potential
Lakehurst presents diverse investment opportunities within its real estate market. Given the town’s population of 15,500 and an impressive population growth rate of 3.3%, demand is expected to remain robust. This demographic trend is supportive of both rental and owner-occupied housing markets.
The consistent appreciation in property values suggests that investing in residential properties could yield solid returns over the medium to long term. Detached houses, as indicated by their higher growth rate, may offer greater capital gains potential; however, apartments should not be overlooked due to their more accessible pricing and potential for income through rent.
Future Market Outlook
Looking ahead, the real estate market in Lakehurst is poised for continued growth. The alignment of positive population trends alongside sustained property value appreciation sets a promising stage for future investments. Careful monitoring of infrastructure developments and employment trends will be key to understanding the longevity and stability of this growth.
As long as the local economy continues to provide jobs and attract residents, both the housing and apartment markets are expected to remain strong. Investors should also consider broader economic indicators such as interest rates and regional economic policies which can impact buyer affordability and investment appeal.