Nampa, 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 Nampa, Alberta is currently characterized by a steady increase in property values. With a median house price at $500,000, the area has experienced a growth of 3.5% year-over-year. This suggests a healthy demand for detached homes that is likely influenced by both local economic factors and broader national trends.
Apartments in Nampa have also seen an increase in value, albeit at a slower pace with a 2.1% year-over-year growth, bringing the median apartment price to $300,000. This more moderate appreciation rate may reflect a greater supply of apartments or a different demand dynamic compared to the detached housing market.
Contributing to these market conditions is Nampa’s population growth of 7.1%, indicating a robust and expanding community. As population growth often drives housing demand, this statistic bodes well for continued strength in the real estate sector.
Investment Opportunities and Potential
The positive trends in market prices coupled with significant population growth present promising investment opportunities in Nampa. Investors might focus on single-family homes due to their higher appreciation rate compared to apartments, aiming to capitalize on the consistent year-over-year price increases.
Apartment investments should not be overlooked either, as the steady growth rate may appeal to investors looking for more affordable entry points into the market or those seeking rental properties to cater to individuals and smaller households.
Moreover, with an expanding population base, there may be opportunities for new residential developments or renovation projects aimed at rejuvenating older properties to meet contemporary demands.
Future Market Outlook
Looking ahead, Nampa’s real estate market appears poised for ongoing growth. The solid foundation laid by continuous population expansion and consistent property value appreciation indicates that demand will likely remain robust.
Assuming current economic conditions persist, we can expect similar or possibly higher rates of real estate appreciation moving forward. However, investors and potential homebuyers should stay informed about any changes in local employment rates, infrastructure developments, or government policies that could impact the market dynamics.
