Lodgepole, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $650,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| 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 Lodgepole, Alberta, is currently experiencing steady growth. The median house price stands at $495,000, which represents a year-over-year increase of 4.2%. This growth rate indicates a healthy demand for houses in the area, reflecting both the local economic stability and an attractive residential market for potential homeowners.
In contrast, the apartment sector has seen a more modest increase in value. With the median apartment price at $295,000, the upward trend is around 2.5% year-over-year. This lower rate of growth compared to houses can be attributed to various factors including market demand and the type of buyers interested in apartment living versus single-family homes.
The population of Lodgepole has been on the rise with a current figure of 15,200 residents and a growth rate of 2.7%. The increasing population is a positive sign for the real estate market as it generally leads to higher demand for housing.
Investment Opportunities and Potential
Lodgepole’s growing population and steady rise in property values offer promising investment opportunities. Single-family homes have shown stronger appreciation, suggesting that they are potentially more lucrative investments over time. However, apartments might appeal to investors looking for lower entry points into the real estate market or those seeking properties that may require less maintenance and attract long-term renters.
In addition to residential properties, investors should consider demographic trends such as population growth which may indicate future needs for retail spaces, office buildings, and other commercial properties. As such, there’s potential for diversification within Lodgepole’s real estate investment landscape.
Future Market Outlook
The future market outlook for Lodgepole seems optimistic. Given the solid foundation of growth in both property values and population size, it is reasonable to expect that this trend will continue in the foreseeable future. If economic conditions remain favorable and local development continues at its current pace or accelerates, both housing prices and demand could see further increases.
Investors and homeowners considering entering the Lodgepole market should monitor key indicators such as employment rates, infrastructure development projects, and any changes in local government policies affecting real estate. Keeping an eye on these factors will help gauge whether the current upward trajectory is likely to sustain itself.
A careful analysis suggests that while there are always risks involved with any investment, Lodgepole presents itself as a market with sound potential for steady growth both in terms of property valuation and overall attractiveness to residents and investors alike.
