Lumberton, British Columbia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $520,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $310,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $450,000 |
| 3 bedrooms | $520,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $470,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Lumberton, British Columbia, is currently characterized by steady growth. With a median house price of $520,000, the market has experienced a 3.8% increase year-over-year. This indicates a healthy demand for single-family homes and a resilient housing market. Additionally, apartments in Lumberton have seen a moderate price increase of 2.5% year-over-year, with a median price of $310,000. The sustained growth in both sectors suggests balanced conditions where supply meets the demands of a growing population.
Lumberton’s population has recently grown by 3.3%, reaching approximately 15,500 residents. This influx has likely contributed to the stable property value appreciation, as more people seek housing in the area. The current trends point towards an active market where both buyers and sellers are engaging confidently, indicating overall market health.
Investment Opportunities and Potential
The consistent growth in property values coupled with population increases suggests that Lumberton holds promising investment potential. For investors considering long-term equity growth, the single-family home segment appears particularly attractive given the higher annual appreciation rate.
On the other hand, the apartment sector offers a more accessible entry point for investors and may be well-suited for those looking to capitalize on rental income streams in a growing community. As the population continues to rise, demand for rental properties is expected to grow accordingly, potentially leading to higher rental yields.
Given the steady market conditions, investors may find opportunities in purchasing properties that could benefit from value-add strategies such as renovations or updates. This approach could further enhance property values and generate attractive returns on investment against the backdrop of a robust real estate market.
Future Market Outlook
The future outlook of Lumberton’s real estate market remains optimistic based on current trends and data. Assuming no significant economic disruptions occur, it is reasonable to expect that property values will continue their upward trajectory aligned with regional growth patterns.
The ongoing population growth at 3.3% suggests that demand for housing will persist, supporting further development and investment activities in the region. As more individuals and families move to Lumberton seeking its lifestyle offerings and economic opportunities, the real estate market is poised to remain vibrant.
Investors should monitor key economic indicators such as employment rates, infrastructure development projects, and changes in mortgage rates that could impact buyer affordability and influence market dynamics. By staying informed about these factors, stakeholders can make educated decisions regarding their investment strategies in Lumberton’s real estate landscape.
