Rockwood, 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
1. Current Market Conditions and Trends
The real estate market in Rockwood, Manitoba has been experiencing steady growth with median house prices currently sitting at approximately $500,000, reflecting a year-over-year increase of 3.5%. The median apartment price, on the other hand, stands at around $300,000, with a somewhat more modest annual appreciation of 2.1%. These trends indicate a healthy and growing market.
The robust population growth of 7.1%, which has brought the region’s population to roughly 15,000 residents, is contributing to increased demand for housing in the area. This demographic trend is supporting both the resale market and spurring new developments.
2. Investment Opportunities and Potential
Given the consistent rise in property values and strong population growth, Rockwood presents compelling investment opportunities. Single-family homes are especially attractive due to their higher appreciation rate, along with the potential for rental income as demand for living space increases.
In the apartment sector, although price growth is slower compared to houses, investors can benefit from more affordable entry points and a growing interest among young professionals and smaller families seeking rental accommodations. Long-term investment in this segment may yield solid returns as infrastructure development keeps pace with population growth.
3. Future Market Outlook
The outlook for Rockwood’s real estate market remains optimistic. Assuming current trends continue, investors can expect ongoing appreciation in property values driven by both natural population increase and incoming residents attracted by local economic opportunities.
The sustained growth rate indicates that the market is not overheating but rather growing in response to genuine demand. This suggests that while short-term fluctuations are always possible, over the long term, Rockwood’s real estate market should continue to offer stability and growth potential to savvy investors.
