Nampa, 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 | $295,000 |
| Monthly growth | 0.8% |
| 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 | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Nampa, Alberta is currently experiencing steady growth, with median house prices at $495,000, reflecting a 3.2% year-over-year increase. This suggests a healthy level of demand which is outpacing inflation rates, indicating a robust market condition. In the apartment sector, the median price stands at $295,000, with a more modest but still positive growth trend of 2.5% year-over-year. These figures indicate that while the market for detached homes is growing at a slightly faster pace, apartments are also appreciating steadily, likely due to demand from smaller households or investors looking for rental properties.
2. Investment Opportunities and Potential
Nampa’s real estate market presents several investment opportunities. The consistent growth in property values coupled with a significant population increase of 3.4% suggests ongoing demand for housing. Investors should consider both residential homes and apartments due to their respective appreciation trends. Given that the median prices are below half a million for houses and significantly less for apartments, entry into this market could be attractive for investors seeking long-term capital gains or rental income in a growing community.
3. Future Market Outlook
The future outlook for Nampa’s real estate market appears optimistic based on current trends and demographic data. With a steady population growth rate of 3.4%, it can be inferred that the demand for housing will continue to rise, potentially pushing prices upward if the supply does not keep pace with demand. Assuming no major economic disruptions occur, the market’s momentum should maintain or possibly increase regarding value appreciation rates for both houses and apartments.
Investors and homebuyers considering Nampa can be cautiously optimistic about their potential returns and the value stability in this region over the coming years.
