Renwer, 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 | $420,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
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
In Renwer, Manitoba, the real estate market is showing a steady growth pattern, characterized by moderate price increases across different housing types. The median house price in the region stands at $500,000, with a year-over-year growth of 3.5%. For apartments, the median price is currently $300,000, with a smaller but still positive year-over-year trend of 2.1%. This suggests a balanced market that is becoming increasingly attractive to homebuyers and investors alike.
The local population has experienced significant growth, with an increase of 7.1%, bringing the total to around 15,000 residents. This demographic trend is likely contributing to the demand for housing and supporting the observed price trends.
Investment Opportunities and Potential
Rising property values coupled with steady population growth indicate that Renwer may offer lucrative opportunities for real estate investors. The consistent upward trend in house prices reflects a market that has not yet reached its peak, suggesting room for capital appreciation. Additionally, the growing population could signal an increasing demand for rental properties, making buy-to-let investments particularly appealing.
The more modest increase in apartment prices indicates a potentially higher yield for investors focusing on this segment. With a lower entry cost compared to houses, apartments might provide an accessible investment opportunity with a reasonable expectation for rental income and long-term value growth.
Future Market Outlook
The future market outlook for Renwer’s real estate appears optimistic. The sustained population growth implies ongoing demand for housing which should continue to support property values. Assuming no major economic disruptions occur, the current trends suggest that both house and apartment prices will maintain their upward trajectories at a measured pace.
The ongoing development of local infrastructure and amenities can further enhance the attractiveness of Renwer as a place to live and invest in. As long as these positive conditions persist, the real estate market in Renwer is expected to remain robust and offer potential for both homebuyers looking for stable long-term investments and investors seeking reliable returns.
