Rennie, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $499,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $499,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Rennie, Manitoba, is currently characterized by steady growth. The median house price stands at $499,000, which denotes a year-over-year increase of 3.3%. This trend suggests a stable and growing demand for houses in the area. Meanwhile, the median apartment price is $295,000, following a slightly more modest year-over-year increase of 2%. This difference in growth rates indicates that houses are in higher demand compared to apartments, but both markets show positive momentum.
With a notable population growth of 4.8% and an increasing population of 15,200, Rennie is experiencing demographic expansion that is likely contributing to the demand for housing. The market conditions suggest that Rennie is becoming an increasingly attractive place to live, potentially due to employment opportunities, lifestyle appeal, or other socioeconomic factors.
Investment Opportunities and Potential
For investors considering Rennie’s real estate market, there is palpable potential. The consistent rise in property values implies that investments made now could yield profitable returns as the market continues to ascend. Residential properties seem especially promising given the steady population influx and rising house prices. Investors should consider both long-term capital gains from property appreciation and the possibility of rental income, as an expanding population may bolster the rental market.
The relatively higher percentage increase in house prices compared to apartments could suggest that single-family homes may offer better investment opportunities for capital appreciation. However, apartments should not be overlooked since they may represent a more accessible entry point into the market for first-time investors or those with more modest capital.
Future Market Outlook
The future of Rennie’s real estate market appears optimistic based on current trends and demographic data. If population growth continues at its current rate of 4.8%, demand for housing is likely to remain strong or even increase. This bodes well for sustained property value appreciation over time.
In light of these factors, potential investors can have moderate confidence in the ongoing health of Rennie’s real estate market. Continued monitoring of economic drivers such as employment rates, infrastructure development projects, and regional policies will further inform future market predictions and investment strategies.
Note: All statistics mentioned are subject to change with new data releases and should be verified with up-to-date sources before making any investment decisions.
