Rennie, Manitoba 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 Rennie, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. Similarly, the median apartment price stands at $300,000 with a trend of 2.1% growth over the past year. These figures suggest a stable environment for both types of residential real estate.
The population of Rennie has seen a significant increase of 7.1%, indicating a growing community that could further stimulate demand for housing in the area. This demographic expansion can be an influential factor contributing to the observed price trends and may continue to support property values in the foreseeable future.
Investment Opportunities and Potential
Given the steady growth in property prices and population, Rennie presents attractive investment opportunities. The consistent appreciation in house prices reflects a resilient market, likely driven by factors such as local economic development and demographic changes.
Investors looking into residential properties may find single-family homes particularly appealing due to their higher growth rate compared to apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the real estate market and appeal to smaller households or rental markets.
Focusing on neighborhoods or developments that cater to the growing population – such as those near amenities or employment centers – could yield favorable returns as demand in these areas may outpace broader market trends.
Future Market Outlook
The future outlook for Rennie’s real estate market remains positive. The current trajectory suggests continued growth with moderate price increases across both housing and apartment segments. Population growth is likely to sustain demand for housing, which could lead to tighter inventory levels and potential upward pressure on prices.
However, investors should remain cautious and consider external economic factors that could impact interest rates, employment levels, and overall affordability – all of which play critical roles in shaping the real estate market dynamics.
Long-term investments aligned with community planning and development initiatives may benefit from Rennie’s evolving landscape. Staying informed on local policy changes and infrastructure developments will be crucial for investors aiming to capitalize on future market shifts.
