Mariapolis, 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
In Mariapolis, Manitoba, the real estate market is currently experiencing steady growth. The median house price in the region is valued at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for single-family homes and an upward trajectory in pricing, suggesting a seller’s market where demand outpaces supply.
Similarly, the apartment sector shows a progressive trend with the median apartment price standing at $300,000 and observing a year-over-year increase of 2.1%. This growth rate points towards sustainable appreciation in property values and reflects balanced market conditions for apartments.
The population of Mariapolis has reached approximately 15,000 residents, with an impressive growth rate of 7.1%. Population growth is a key driver for housing demand and this significant increase implies potential for further expansion in the housing market.
Investment Opportunities and Potential
The real estate data indicates that Mariapolis presents numerous investment opportunities. With consistent appreciation rates in both housing and apartment prices, investors can anticipate continued capital gains. The strong population growth further bolsters these prospects as it suggests an increasing need for housing which could lead to tighter markets and higher rents.
For those considering investment in rental properties, the current trends imply that there will be a steady influx of residents looking for accommodation. This could provide stable rental income streams and low vacancy rates for landlords.
The diverse price points between houses and apartments offer opportunities for investors with different budget ranges to enter the market. Additionally, the sustained year-over-year price increases point towards a positive investment environment with potential for long-term growth.
Future Market Outlook
The future outlook for Mariapolis’s real estate market remains optimistic. The strong population growth coupled with consistent increases in property values suggest that demand will continue to drive the market forward. If these trends persist, we can expect both homebuyers and investors to find value in this market.
However, investors should remain cautious and consider potential economic factors that might affect interest rates or employment levels, which could influence buying power and market dynamics. Staying informed about local development plans can also provide insights into future areas of growth within Mariapolis.
To conclude, while current trends paint a promising picture for Mariapolis’s real estate market, maintaining awareness of broader economic indicators will be crucial for making informed decisions moving forward.
