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Pocahontas, Alberta Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 3.2%
Stock on market 0.7%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.1%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $410,000
3 bedrooms $485,000
4 bedrooms $590,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $340,000
3 bedrooms $420,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 15,000
Population Change 3.3%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.5
Land Area (km²) 2,500.5

Market Analysis






Pocahontas, Alberta Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Pocahontas, Alberta is currently experiencing steady growth. With a median house price of $485,000 and an annual appreciation rate of 3.2%, the market is demonstrating resilience in the face of economic fluctuations. Similarly, the apartment sector shows a positive trend with a median price of $295,000 and a growth rate of 2.5% year-over-year. These statistics indicate a healthy demand for housing in the area.

The population of Pocahontas stands at 15,500 and has been growing at a robust pace of 3.3%. This demographic expansion is contributing to the vitality of the housing market as it drives demand for both ownership and rental properties.

Investment Opportunities and Potential

Given the consistent growth in property values, Pocahontas offers attractive opportunities for real estate investors. The upward trend in house and apartment prices suggests that investments could yield profitable returns over time. With population growth outpacing many other regions, there is potential for both short-term gains through flips and long-term wealth accumulation through buy-and-hold strategies.

Investors may also consider exploring the rental market due to increasing local demand. The influx of residents could lead to higher occupancy rates and potentially raise rental income, thereby improving cash flow metrics for income properties.

Future Market Outlook

The outlook for Pocahontas’ real estate market remains optimistic based on current trends and demographic indicators. As long as the population continues to grow at a steady rate, demand for housing should sustain or even increase, potentially leading to further appreciation in property values.

However, investors must also stay informed about broader economic factors that could impact interest rates and lending conditions, as these may influence buyer affordability and investment viability. Keeping an eye on local development projects and employment trends will be crucial for accurately forecasting future market movements.