Madden, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $310,000 |
| 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 | $495,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $265,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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 in Madden, Alberta
The real estate market in Madden, Alberta is currently exhibiting stable growth, as evidenced by the incremental increases in property values. The median house price stands at $495,000, which marks a 3.2% year-over-year increase. This moderate appreciation suggests a healthy demand for single-family homes, while still remaining accessible to a wide range of buyers.
Similarly, the median apartment price has seen a steady uptick to $310,000, with a 2.5% year-over-year growth rate. This trend reflects an ongoing interest in more affordable and lower-maintenance living spaces, which are popular among first-time homebuyers and downsizers alike.
Madden’s demographic profile is also noteworthy with a reported population of 15,200, coupled with an impressive population growth of 4.8%. This rapid increase in residents indicates a vibrant and expanding community that could further stimulate the local real estate market.
Investment Opportunities and Potential in Madden, Alberta
The current trends suggest several promising avenues for real estate investment in Madden. The steady rise in housing prices points toward a sustainable market where investments can appreciate over time. Single-family homes, given their higher median price and growth rate, present an opportunity for investors looking for long-term capital gains.
Apartments offer an alternative investment path due to their lower entry price point and appeal to a growing segment of the population seeking more manageable living arrangements. With the strong population growth observed in Madden, rental properties may become increasingly desirable, providing investors with potential rental income streams alongside asset appreciation.
In addition to residential properties, Madden’s expanding population might also generate opportunities within commercial real estate sectors such as retail spaces, office buildings, and industrial properties required to support the growing local economy.
Future Market Outlook for Madden, Alberta
Looking ahead, the future market outlook for Madden appears promising. Given the robust population growth and consistent upward trend in property values, it is reasonable to anticipate that demand for both residential and commercial real estate will continue to rise. Should the local economy expand in tandem with population increases, it could lead to greater employment opportunities and higher incomes—factors that typically bolster real estate markets.
The sustained growth rates suggest that the market is not experiencing overheating but rather a steady pace that could maintain investor confidence. However, prospective investors should monitor factors such as interest rate changes, economic policies affecting employment in Alberta’s key industries like energy and agriculture, and any shifts in migration patterns which could influence supply and demand dynamics.
In summary, Madden’s real estate market presents several appealing prospects for investors based on current trends and projections. While no investment is without risk, careful analysis of ongoing data points toward continued opportunities within this active Albertan community.
