Robb, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $350,000 |
| 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 Robb real estate market is currently experiencing steady growth, as indicated by the consistent rise in property values. The median house price stands at $485,000, marking a 4% year-over-year increase, which suggests a healthy demand for detached homes in the area. Similarly, the apartment sector has seen a moderate appreciation with the median price at $295,000 and a 2.5% year-over-year growth. This growth can be partly attributed to Robb’s expanding population, which has recently risen by 4.8%, fueling housing demand.
Investment Opportunities and Potential
The current trends indicate that Robb holds promising investment opportunities. The robust population growth paired with an upward trajectory of property values presents an advantageous climate for both residential and rental market investments. Detached houses show a stronger appreciation potential, yet apartments also offer a solid investment with their steady price trend. Investors may find long-term capital gains in the housing market while potentially tapping into the rental market due to the influx of new residents.
Future Market Outlook
Looking ahead, the future market outlook for Robb remains optimistic. With a continued annual population growth rate of 4.8%, it’s reasonable to anticipate sustained demand for housing which could drive further price increases. The historical data shows resilience in property values amidst broader economic fluctuations, signaling a stable investment environment. If these trends hold, investors could expect to see ongoing appreciation in both house and apartment sectors, making Robb an attractive locality for real estate ventures.
