Nisku, 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
Nisku’s real estate market has exhibited stable growth as reflected in its median house price of $500,000, which has increased by 3.5% over the past year. The market for apartments is similarly robust, with a median price of $300,000 and a growth trend of 2.1% year-over-year. This consistent upward trend in property values suggests a healthy demand for housing in the area.
The population of Nisku has also seen significant growth at a rate of 7.1%, indicating an influx of new residents and potential homebuyers. This demographic expansion can be attributed to the region’s economic opportunities and quality of living, which continue to attract individuals and families seeking residence.
Investment Opportunities and Potential
For investors considering the Nisku real estate market, there is palpable potential for both immediate rental income and long-term capital gains. The steady rise in property values coupled with population growth points to a sustained demand for housing. Investors can potentially leverage this demand by investing in residential properties that cater to the diverse needs of new residents.
Additionally, the growing population may signal the need for more rental properties, making multifamily units or apartment buildings particularly attractive investments. Given the current market conditions and favorable economic forecasts, Nisku presents itself as a promising locale for real estate investment ventures.
Future Market Outlook
The future outlook for Nisku’s real estate market remains optimistic. Factors such as continuous population growth, economic stability in the region, and ongoing development projects are expected to drive further appreciation in property values. The 3.5% increase in house prices and 2.1% increase in apartment prices suggest that the market is on an upward trajectory that is likely to persist.
Prospective investors should note that while current trends are positive, it is crucial to monitor local economic developments and infrastructure investments that could impact future property values. However, given current indicators, Nisku’s real estate market shows potential for sustained growth and remains an attractive option for both residential buyers and investors alike.
