Pocahontas, 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) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Pocahontas, Alberta, currently presents a stable environment with consistent growth. The median house price in the area is $500,000, reflecting a year-over-year increase of 3.5%. This moderate appreciation indicates a healthy demand for single-family homes and suggests that the market is attracting a steady flow of interested buyers without overheating.
Similarly, the apartment sector shows positive momentum, with the median apartment price standing at $300,000 and an annual growth rate of 2.1%. The slightly lower growth rate in apartment prices compared to houses suggests that there may be slightly less pressure on the multi-family housing market.
The population of Pocahontas has reached 15,000 people and has seen significant growth of 7.1%. This demographic trend is a key driver of housing demand and supports the continued appreciation seen in property values.
Investment Opportunities and Potential
Given the steady rise in property values and the robust population growth, Pocahontas offers promising investment opportunities for both residential and rental properties. The consistent growth in house prices indicates a solid potential for long-term capital gains for investors targeting single-family homes. These properties are especially attractive to those looking to cater to families drawn to the area by its amenities and lifestyle options.
Apartments represent an opportunity for investors seeking a more affordable entry point into the real estate market or those aiming to capitalize on the rental market’s potential. With population numbers on the rise, demand for rental accommodation is likely to increase as new residents seek housing options that offer flexibility and affordability.
Future Market Outlook
The future real estate market outlook for Pocahontas appears optimistic. The sustained population growth will likely continue to be a central factor supporting housing demand. If economic conditions remain favorable and the local job market stays robust, we can expect both house and apartment prices to maintain their upward trajectory.
However, investors should monitor local economic indicators and development plans closely as these could impact future property values. Additionally, staying informed about any changes in provincial or federal regulations that could affect mortgage rates or rental laws will be crucial for making sound investment decisions.
In conclusion, Pocahontas demonstrates strong fundamentals with its growing population and steady price increases across housing types. Careful analysis and strategic investments could yield substantial returns as this Alberta community continues to flourish.
