Onanole, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $505,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.6% |
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 | $425,000 |
| 3 bedrooms | $505,000 |
| 4 bedrooms | $625,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,100 |
| 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 Onanole, Manitoba, the real estate market currently presents a steady growth in property values, with the median house price standing at $505,000, reflecting a year-over-year increase of 3.2%. This suggests a stable demand for houses in the area. Meanwhile, apartments are slightly more affordable with a median price of $295,000 and have experienced a slightly lower growth rate of 2.5% year-over-year. This indicates a consistent but modest appreciation in apartment values, which might be appealing to both first-time homebuyers and investors looking for lower entry points into the market.
Investment Opportunities and Potential
The investment landscape in Onanole is promising due to its steady population growth of 2.7%, indicating an increasing demand for housing. The fact that house prices are appreciating at a moderate pace means that investors could see continuous capital gains in the coming years. Rental properties can also be considered a viable investment option due to the population increase; ensuring potential for rental income stability and tenant demand.
Future Market Outlook
The future market outlook for Onanole appears optimistic. The consistent population growth paired with gradual increases in property values suggest that the real estate market is on an upward trajectory. While current trends point towards sustainable growth rather than rapid spikes, investors and homebuyers can expect continued appreciation in property values. Therefore, it would be reasonable to anticipate that Onanole will maintain its course as a resilient and growing market within Manitoba’s real estate landscape.
