Niton, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,900 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Niton, Alberta is currently experiencing a period of steady growth. With the median house price sitting at $485,000, there has been a notable year-over-year increase of 4%. This trend suggests that the market is healthy and that properties are continuing to appreciate in value at a moderate pace.
In comparison, the apartment sector is seeing a slightly lower growth rate with a 2.5% year-over-year increase and a median price point of $295,000. The differential in growth rates between houses and apartments may reflect a stronger demand for single-family homes in the area.
The population of Niton stands at 15,200 and has been growing at a rate of 2% per annum. This consistent population growth can contribute to the sustained demand for housing and may be one of the driving forces behind the appreciating property values.
Investment Opportunities and Potential
With both sectors of the housing market showing positive trends, Niton presents several investment opportunities. Single-family homes, given their higher appreciation rate, offer potential for significant capital gains over the long term. Investors looking to engage with this market segment could benefit from focusing on properties that are likely to appeal to families and professionals moving into the area due to its rising population.
Apartments offer a more accessible entry point into the real estate market with their lower median price point. The slower appreciation rate could be attractive to investors seeking more stable assets with potential for rental income. Given the population growth, there could be an increasing demand for rental properties which would support investment in apartment units.
Future Market Outlook
The future outlook for Niton’s real estate market appears promising. Continuous population growth should keep demand for housing high, which bodes well for both property values and rental markets. If current trends persist, we can anticipate further appreciation in property values across both houses and apartments, albeit at different rates.
As long as economic conditions remain favorable and Niton’s local economy continues to attract new residents, the real estate market is poised for ongoing growth. Potential investors should monitor key economic indicators such as employment rates and new infrastructure developments which can impact future market performance.
Overall, Niton represents a solid market with diverse investment opportunities driven by steady population growth and consistent property value appreciation.
