Onanole, Manitoba 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 Onanole, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This growth rate suggests a healthy demand for housing in the area, likely driven by the positive population growth rate of 7.1%. The median apartment price is slightly more affordable at $300,000, with a lower year-over-year increase of 2.1%. This difference indicates a more moderate but stable demand for apartments compared to houses.
Investment Opportunities and Potential
In Onanole, the consistent rise in property values presents attractive investment opportunities. The solid growth in house prices reflects a robust residential market that investors can capitalize on, especially considering the substantial population increase. Additionally, the slower growth rate of apartment prices may offer an entry point for investors seeking long-term capital appreciation with a lower initial investment.
The current trends also suggest that rental properties could be a viable investment strategy, as the growing population may lead to higher demand for rental accommodation. Investors should consider both single-family homes and multi-unit apartments to diversify their portfolios and tap into different segments of the market.
Future Market Outlook
The future outlook for Onanole’s real estate market remains optimistic. Based on the current trends and demographic data, it is reasonable to expect continued growth in property values. The robust population increase serves as a strong indicator of sustained demand for housing in the foreseeable future.
However, potential investors should also be mindful of external economic factors that could impact interest rates and housing affordability. Monitoring these variables will be crucial for making informed decisions about entering or expanding within Onanole’s real estate market.
