Lloydminster, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $570,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 16,000 |
| Previous Population (2020) | 15,500 |
| Population Change | 3.2% |
| 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 Lloydminster, Alberta, currently showcases a robust median house price of $490,000, which has been experiencing a consistent growth trend at 4% year-over-year. This indicates a healthy demand for housing in the area that is outpacing the national average. Similarly, the median apartment price stands at $295,000, with a slightly lower growth rate of 2.5% year-over-year. The city’s population of 16,000 has been growing at a steady rate of 3.2%, suggesting an increasing demand for housing will continue.
Investment Opportunities and Potential
The consistent growth in property values coupled with the steady population increase positions Lloydminster as an attractive location for real estate investment. Single-family homes are particularly promising due to their higher appreciation rate. The rising trend in apartment prices indicates that there is also potential for investments in multi-family units or developments catering to individuals and smaller households seeking more affordable housing options.
Future Market Outlook
The future outlook for Lloydminster’s real estate market remains positive. Given the city’s ongoing population growth and its resultant impact on housing demand, it can be anticipated that property values will continue to rise. The economic stability of the region, combined with its appeal to both families and professionals, suggests that this upward trajectory will persist in the foreseeable future, making it an opportune time for investors to enter or expand within the Lloydminster market.
