Renwer, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Renwer, Manitoba, is currently experiencing a steady increase in property values. With a median house price of $490,000 and an annual growth rate of 3.2%, the market is showing healthy upward momentum. Similarly, the median apartment price is at $295,000, growing at a slightly lower but stable rate of 2% year-over-year. These trends indicate a balanced market with consistent demand for housing.
The town’s population stands at 15,500 residents, having grown by 3.33% recently. This growth contributes to the ongoing demand for housing and suggests that the market is expanding in response to an increasing population base.
Investment Opportunities and Potential
Renwer’s real estate market offers promising investment opportunities, particularly considering the steady appreciation rates for both houses and apartments. The positive trend in property values suggests that investments made now could yield favorable returns as the market continues to grow.
The robust population increase further amplifies the potential for rental properties. Investors looking to capitalize on rental income may find Renwer an attractive option due to the influx of new residents seeking accommodation. The current trends also suggest room for development projects, given the sustained need for additional housing to meet the demands of a growing populace.
Future Market Outlook
The future outlook for Renwer’s real estate market appears optimistic. Given the solid year-over-year growth in property values and consistent population expansion, it is reasonable to expect that these trends will continue in the near future. The town’s economic stability and attractiveness to new residents bode well for sustained demand in both the residential sales and rental markets.
In summary, with careful attention to local market drivers and broader economic factors, investors can approach Renwer’s real estate market with confidence in its potential for continued growth and profitability.
