Mannville, 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 Mannville, Alberta, is experiencing a period of steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This growth is slightly above the national average, indicating healthy demand and appreciation in property values. Apartments are also seeing positive movement with the median price at $300,000 and a more modest year-over-year price trend of 2.1%.
The population growth rate of 7.1% outpaces many regions in Canada, suggesting a burgeoning local economy and potentially contributing to housing demand. With a current population of 15,000, Mannville’s real estate market benefits from this influx of new residents seeking housing, thereby supporting the market’s overall stability and expansion.
Investment Opportunities and Potential
Mannville’s growing population and rising house prices present promising investment opportunities for both residential and rental properties. Investors can expect continued appreciation in property values due to the persistent demand driven by population growth. The annual increase in house prices points to a favorable environment for long-term capital gains.
Rental properties may also be lucrative due to the influx of new residents not immediately ready for homeownership. With apartment prices increasing at a slower rate than houses, investors might find appealing prospects in acquiring and renting out apartments or developing multi-family units to meet the needs of various demographic groups moving into the area.
Future Market Outlook
The future outlook for Mannville’s real estate market remains optimistic. The combination of steady population growth and consistent property value appreciation suggests that the market will continue to thrive in the foreseeable future. If current trends persist, investors can reasonably anticipate ongoing increases in both property values and rental demand.
However, it is important for investors to monitor economic indicators such as employment rates, local industry performance, and interest rate changes that could impact the real estate market dynamics. A diversified economy in Mannville would further solidify confidence in its real estate market’s continued prosperity.
