Marlboro, 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
1. Current Market Conditions and Trends
The real estate market in Marlboro, Alberta is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. Similarly, the apartment sector, with a median price point of $300,000, is following an upward trend at a slightly slower pace of 2.1% annually.
The population in Marlboro has grown by 7.1%, indicating a robust local economy and potentially increased demand for housing. This demographic trend suggests that the real estate market is drawing new residents, whether it be for employment opportunities, lifestyle choices, or other amenities that Marlboro offers.
2. Investment Opportunities and Potential
Given the positive population growth coupled with the consistent rise in property values, Marlboro presents attractive investment opportunities. The steady increase in median house prices reflects both the desirability of single-family homes in the area and the potential for long-term capital gains for investors.
Investors considering apartment complexes or units can also find opportunities due to the continuous appreciation indicated by the 2.1% year-over-year trend. Additionally, rental properties could benefit from the growing population as newcomers may seek rental accommodations before committing to homeownership.
3. Future Market Outlook
The future outlook for Marlboro’s real estate market remains optimistic. Assuming that the current trends hold, we can anticipate continued growth in property values across both houses and apartments. The strong population growth rate suggests a persistent demand which should drive the market forward.
As long as economic conditions remain favorable and supportive infrastructure continues to develop, Marlboro’s real estate market should maintain its positive trajectory. However, investors should keep an eye on external factors such as interest rates, employment rates in key industries, and provincial policies that might affect the affordability and attractiveness of local real estate.
