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Lanark, ON

Updated: Aug 2016
House
Median price $277,450
Monthly growth 173.34 %
Quarterly trend
Stock on market 1.38%
Apartment
Median price $199,800
Monthly growth
Quarterly trend
Stock on market 0.09%

Lanark Home Price

Lanark was Canada’s 1742th most expensive suburb by listed median house price this month.

While the median for Ontario is $349,900 , which means that Lanark’s median price is $277,450 better than average than the rest of the province.

There are 1145 neighbourhoods that have more properties on sale than Lanark at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.

When we look at the data we have, it can help with trying to establish whether or not Lanark is a good investment target.

In Lanark, housing stock has decreased over the last three months, which would tend to mean that home buyers are snapping up properties faster than they come on the market.

The median asking price in Lanark is $199,800, pretty close to the median three months ago which was $172,350 .

In Aug the median listed house price of $199,800 in Lanark was a below average compared to the rest of Ontario.

This month we track 133th neighbourhoods in Ontario, and Lanark has the 133th most choice available for real estate investors.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Lanark will hopefully provide an indicator to help you where to research in-depth

In Lanark, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.

Find a mortgage broker in Lanark, ON
Beds Median price (House) Median price (Apartment)
3 bedrooms $169,700
Demographics
  • Population in 20115128
  • Population in 20065180
  • 2006 to 2011 population change (%)-1
  • Total private dwellings3182
  • Private dwellings occupied by usual residents2126
  • Population density per square kilometre4.9
  • Land area (square km)1048.19

Age Characteristics

Total population by age groups 5130
0 to 4 years 215
5 to 9 years 205
10 to 14 years 250
15 to 19 years 280
15 years 40
16 years 55
17 years 65
18 years 60
19 years 55
20 to 24 years 275
25 to 29 years 235
30 to 34 years 205
35 to 39 years 255
40 to 44 years 305
45 to 49 years 445
50 to 54 years 500
55 to 59 years 510
60 to 64 years 495
65 to 69 years 335
70 to 74 years 235
75 to 79 years 180
80 to 84 years 120
85 years and over 60
Median age of the population 48.8
% of the population aged 15 and over 86.8

Marital Status

Total population 15 years and over by marital status 4455
Married or living with a common-law partner 2985
Married (and not separated) 2500
Living common-law 480
Not married and not living with a common-law partner 1470
Single (never legally married) 875
Separated 120
Divorced 245
Widowed 230

Family Characteristics

Total number of census families in private households 1650
Size of census family: 2 persons 990
Size of census family: 3 persons 325
Size of census family: 4 persons 225
Size of census family: 5 or more persons 105
Total number of census families in private households 1650
Total couple families by family structure and number of children 1475
Married couples 1235
Without children at home 710
With children at home 525
1 child 235
2 children 195
3 or more children 90
Common-law couples 235
Without children at home 155
With children at home 85
1 child 50
2 children 20
3 or more children 10
Total lone-parent families by sex of parent and number of children 170
Female parent 110
1 child 80
2 children 30
3 or more children 0
Male parent 60
1 child 45
2 children 15
3 or more children 0
Total children in census families in private households 1320
Under six years of age 255
6 to 14 years 415
15 to 17 years 165
18 to 24 years 320
25 years and over 175
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 5100
Number of persons not in census families 650
Living with relatives 85
Living with non-relatives only 105
Living alone 460
Number of census family persons 4445
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 920
Number of persons not in census families aged 65 years and over 240
Living with relatives 45
Living with non-relatives only 15
Living alone 185
Number of census family persons aged 65 years and over 680
Total number of private households by household type 2130
Census-family households 1620
One-family-only households 1510
Couple-family households 1375
Without children 815
With children 560
Lone-parent-family households 140
Other family households 105
One-family households with persons not in a census family 85
Couple-family households 65
Without children 30
With children 35
Lone-parent-family households 15
Two-or-more-family households 30
Non-census-family households 505
One-person households 460
Two-or-more-person households 45
Total number of occupied private dwellings by structural type of dwelling 2130
Single-detached house 2020
Apartment, building that has five or more storeys 0
Movable dwelling 30
Other dwelling 80
Semi-detached house 20
Row house 0
Apartment, duplex 5
Apartment, building that has fewer than five storeys 40
Other single-attached house 5
Total number of private households by household size 2125
1 person 460
2 persons 950
3 persons 350
4 persons 235
5 persons 95
6 or more persons 45
Number of persons in private households 5100
Average number of persons in private households 2.4

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

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