Rogers, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,500 |
| Occupied Private Dwellings | 5,900 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Rogers, Manitoba, the real estate market is currently exhibiting a stable growth pattern. The median house price in the area stands at $485,000, with a year-over-year increase of 3.2%. This uptick indicates a healthy demand for single-family homes, reflecting consumer confidence and a robust local economy. Meanwhile, the median apartment price is slightly more modest at $295,000, showing a more moderate year-over-year growth of 1.9%. This contrast in growth rates between houses and apartments suggests that families might be driving the housing market, potentially due to the desire for more space.
With a population of 15,500 and an above-average population growth rate of 3.3%, Rogers is on an upward trajectory in terms of demographics. This growth can contribute to increased demand for housing in both the purchase and rental markets.
Investment Opportunities and Potential
The real estate market in Rogers presents several attractive investment opportunities. Given the steady climb in house prices and consistent population increase, investors may find long-term capital gains in the single-family home market. The slower pace of apartment price increases could offer opportunities for entry-level investors or those looking to cater to renters who may not be ready to purchase property.
The city’s ongoing population growth suggests that rental properties could experience low vacancy rates and potential for rent increases over time. Investors with a focus on income-generating assets might consider multi-unit residential buildings or purpose-built rental accommodations to capitalize on the expanding population base.
Future Market Outlook
Looking ahead, the future market outlook for Rogers appears promising. If current trends persist, Rogers will likely experience sustained demand for housing driven by its growing population. Should economic conditions remain favorable, with low unemployment and rising incomes, the real estate market in Rogers may continue its gradual appreciation.
However, investors should monitor potential interest rate changes, as these could impact affordability and borrowing costs. Additionally, keeping an eye on regional economic developments will be crucial since any significant employment shifts could influence housing demand.
Assuming stability in key economic indicators, the Rogers real estate market is poised for continued growth. Both homeowners looking to accumulate equity over time and investors seeking investment properties are likely to find opportunities in this burgeoning Manitoba community.
