Morden, 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
The real estate market in Morden, Manitoba, is currently experiencing steady growth. With a median house price of $500,000, there has been a notable year-over-year increase of 3.5%, reflecting a stable demand for residential properties in the area. Similarly, apartments are also appreciating in value with a median price of $300,000 and an annual price trend of 2.1%. This suggests a balanced market that is growing at a sustainable rate.
Morden’s population stands at 15,000 residents and has seen an impressive growth rate of 7.1%. This demographic expansion has been a contributing factor to the sustained demand for housing and is a driver behind the positive market trends observed in the region.
Investment Opportunities and Potential
Given the current market conditions, Morden presents attractive investment opportunities. The consistent rise in property values offers potential for capital gains over the medium to long term. Single-family homes, with their higher appreciation rate, may be particularly appealing to investors looking for growth-oriented investments.
However, apartments with their more modest yet steady appreciation and typically lower entry cost could be an attractive option for investors seeking rental income and diversification in their portfolio. The population growth indicates a continuing demand for rental properties as new residents look for housing, which can lead to low vacancy rates and stable rental income.
Future Market Outlook
The future market outlook for Morden remains positive. Factors such as the ongoing population growth suggest that demand for housing will continue to rise. Given this trajectory, both housing prices and rent are likely to maintain their upward trend, though it is important to monitor local economic conditions and development projects that can influence market dynamics.
Investors should also consider long-term community planning initiatives that may affect property values, such as infrastructural improvements or changes in zoning regulations. With careful consideration of these factors, stakeholders can make informed decisions when navigating the Morden real estate landscape.
