Rogers, 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 | $260,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,400 |
| Population Change | 4.2% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Rogers, Manitoba, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market demonstrates healthy appreciation rates that suggest stable demand. Similarly, apartments have witnessed a more modest growth in value with the median price sitting at $300,000 and an annual trend of 2.1% growth. These consistent upward trends indicate a robust market that retains its value over time.
The population of Rogers has reached 15,000 residents, with a significant population growth rate of 4.2%. This demographic expansion is likely contributing to the sustained demand for housing in the area and may be indicative of both a vibrant local economy and an attractive living environment that draws new residents.
Investment Opportunities and Potential
Given the steady increase in property values and the strong population growth, Rogers presents promising investment opportunities. The continuous rise in median house prices suggests that purchasing residential property could yield solid capital gains for investors over time. Moreover, with apartments appreciating at a slightly slower rate, there might be potential for investors to enter the market at a lower price point while still benefiting from the overall positive trend.
Investors should also consider the rental market’s potential in Rogers due to the growing population. Rental properties could provide investors with a consistent income stream while also capitalizing on long-term property value increases. Additionally, new developments aimed at meeting housing demand may offer further opportunities in both the ownership and rental markets.
Future Market Outlook
Looking ahead, the future real estate market outlook for Rogers seems optimistic. Assuming current trends continue, we can expect ongoing house and apartment price growth driven by population increases and sustained demand for housing. The steady growth rate also suggests that the market is less likely to experience volatile swings or overheating, which bodes well for long-term investment stability.
The burgeoning population is likely to fuel further development projects as infrastructure expands to meet resident needs. Investors should monitor upcoming developments as these can be indicative of future hotspots within Rogers’ real estate landscape.
Overall, careful analysis of specific neighborhoods, property types, and local economic factors will be crucial for those looking to invest in Rogers’ real estate market to maximize their returns and mitigate risks associated with future market shifts.
