Lloydminster, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Lloydminster, Alberta, is currently experiencing a period of moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a stable upward trend in housing prices, suggesting that the market is healthy and growing at a sustainable pace.
Similarly, the median apartment price in Lloydminster is $300,000, which has seen a slightly lower year-over-year increase of 2.1%. This modest growth rate for apartments may reflect a more balanced market between buyers and sellers or could be an indicator of increased interest in single-family homes over multifamily units in this region.
The population of Lloydminster is approximately 15,000, with a substantial population growth rate of 7.1%. This rapid increase suggests that the area is attracting new residents at a significant rate, which may contribute to the demand for housing and can drive property values higher over time.
Investment Opportunities and Potential
Lloydminster’s consistent price appreciation for both houses and apartments coupled with its robust population growth presents attractive investment opportunities. The steady rise in property values indicates room for capital gains for long-term investors. Moreover, the increase in population denotes potential for a growing rental market, which could benefit landlords and those looking to invest in rental properties.
Given the current trends, investors might consider acquiring single-family homes due to their higher appreciation rate compared to apartments. However, the lower price point and solid growth of apartments should not be overlooked, as they may offer more accessible entry points into the real estate market for first-time investors or those with less capital.
Future Market Outlook
The future outlook for Lloydminster’s real estate market appears positive. The combination of rising property prices at reasonable rates and significant population growth positions Lloydminster as an up-and-coming market that may continue to offer strong investment returns.
If current trends persist, investors can likely expect ongoing appreciation in property values. Additionally, if the city continues to attract new residents at its current pace, demand for housing—whether to purchase or rent—will likely remain high. This scenario bodes well for both resale values and rental income stability.
Prospective investors should monitor key economic indicators such as employment rates, infrastructure development, and any changes in local government policies affecting real estate to make informed decisions. While current signals point towards a favorable environment for investment, staying attuned to local and broader economic shifts remains crucial for success in real estate ventures.
