Niton, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Niton, Alberta, the real estate market is currently experiencing a period of moderate growth. The median house price in the area stands at $485,000, which marks a year-over-year increase of 3.2%. This indicates a steady upward trend in the housing market. Similarly, apartments have seen a price increase, albeit at a slower rate, with the median apartment price now at $295,000 and a year-over-year trend of 2%. These trends demonstrate a consistent demand for residential properties in Niton.
The population of Niton has reached approximately 15,200 residents, with a significant population growth rate of 4.8%. This rapid increase in population is likely contributing to the rising demand for housing and could be indicative of larger economic growth within the region.
Investment Opportunities and Potential
The current trends in Niton’s real estate market suggest that investment opportunities are present, particularly in residential properties. The steady increase in property values points to a robust market with potential for capital gains over time. Investors considering entry into this market may find long-term rental properties an attractive option due to the growing population and corresponding demand for housing.
The more moderate increase in apartment prices also suggests an opportunity for investors to enter the market at a lower price point. The rental market could be particularly lucrative considering the potential influx of residents who may not yet be ready or able to purchase property but still require accommodation due to economic or personal reasons.
Future Market Outlook
The future outlook for Niton’s real estate market appears positive. Population growth is likely to continue fueling demand for housing, which should support both property values and rental rates. If current trends persist, investors can reasonably expect continued appreciation in property values along with strong rental yields.
However, it is important for investors to remain aware of broader economic factors that could influence the real estate market, including interest rates, employment levels, and regional economic developments. Staying informed on these aspects will be key to making well-considered investment decisions in Niton’s dynamic real estate environment.
