Lockport, Manitoba 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 Lockport, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation that is attractive to both homeowners and investors. Similarly, the median apartment price stands at $300,000, with a more modest growth of 2.1% from the previous year.
This data indicates a balanced market that is neither overheating nor underperforming. The sustained growth aligns with the overall economic stability and the appealing quality of life in the area. Additionally, Lockport’s population has grown by 7.1%, which may be contributing to the demand for housing and helping to drive prices upward moderately.
Investment Opportunities and Potential
The consistent market growth presents investment opportunities in Lockport’s real estate sector. The town’s increasing population suggests a continued demand for housing, which could benefit investors looking for long-term capital gains or rental income. Single-family homes, given their higher appreciation rate, offer potentially lucrative returns. However, apartments should not be overlooked as they provide an affordable entry point into the market and appeal to individuals or small families.
Investors should also consider the potential for development projects, as population growth could lead to increased demand for both residential and commercial properties. Rental properties might be particularly attractive due to possible low vacancy rates driven by new residents moving into the area seeking employment or lifestyle changes.
Future Market Outlook
The future real estate market outlook for Lockport appears promising. Assuming that current trends persist, investors and homeowners can expect continued gradual growth in property values. The positive population growth rate is likely to sustain demand for housing and could spur further development in the region.
While no market is without risk, Lockport’s stable economy and desirable living conditions suggest that it may be somewhat shielded from volatile swings seen in other markets. Prospective buyers and investors should maintain awareness of national economic indicators and local developments that could impact property values but can cautiously anticipate ongoing steady market performance based on current trends.
