Orton, 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) | 6.0 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Orton, Alberta is currently experiencing moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This indicates a steady upward trend in property values, reflecting a healthy demand for single-family homes. In contrast, the median apartment price stands at $300,000, with a slightly less aggressive growth trend of 2.1% year-over-year. The differential growth rates suggest that houses are in higher demand compared to apartments, possibly due to demographic preferences or the appeal of more spacious living arrangements within the community.
Investment Opportunities and Potential
The investment landscape in Orton appears promising. The consistent growth in housing prices suggests that real estate assets have been appreciating steadily, providing potential investors with capital gains opportunities. For those looking to invest in the rental market, the population growth of 7.1% is particularly encouraging as it may drive up demand for rental properties. The increase in population could be attributed to Orton’s economic prospects or lifestyle offerings, which in turn could attract more residents and support higher rental income and lower vacancy rates for investors.
Future Market Outlook
Looking ahead, Orton’s real estate market is poised to maintain its positive trajectory. The robust population growth implies a growing demand for housing which may continue to push property values upwards. While current trends point towards a stronger performance in the single-family homes segment, apartments also present an opportunity for investors targeting a different market segment or seeking a lower entry point into the property market. Caution should be exercised as markets can be affected by broader economic factors; however, current indicators suggest that Orton’s real estate market is well-positioned for continued growth.
