Rossville, 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
Current Market Conditions and Trends in Rossville, Manitoba
In Rossville, Manitoba, the real estate market is displaying a steady increase in property values. The median house price in the area currently stands at $500,000, which signifies a 3.5% growth rate year-over-year. This consistent upward trend indicates a healthy demand for single-family homes in the region.
When it comes to multifamily dwellings, the median apartment price is noted at $300,000 with a slower yet positive annual appreciation of 2.1%. This difference in growth rates between houses and apartments may reflect a stronger preference for more spacious living accommodations or could be attributed to specific local factors that are driving up the demand for houses over apartments.
The population of Rossville has reached 15,000 residents and is on an upward trajectory with growth reported at 7.1%. This significant population increase suggests that Rossville is likely experiencing economic expansion or an influx of residents due to other attractive local features such as employment opportunities, lifestyle, or regional investments.
Investment Opportunities and Potential in Rossville, Manitoba
The robust population growth combined with consistent property value appreciation presents notable investment opportunities in Rossville. Investors could capitalize on the ongoing demand for housing by engaging in residential development projects or purchasing properties to hold as rental investments. The higher growth rate in house prices compared to apartments might indicate a current undersupply of family-sized homes or a preference for this type of property among homebuyers and renters alike.
Given the positive trends, both long-term capital gains and rental income strategies appear promising. However, investors should perform due diligence to identify specific neighborhoods or property types that have the most potential for return on investment within this expanding market.
Future Market Outlook for Rossville, Manitoba
Looking ahead, the future market outlook for Rossville appears optimistic. With continuous population growth and sustained increases in property values, the real estate market is expected to remain strong. Should the current economic conditions persist and if local policies continue to support residential development and infrastructure improvements, these factors are likely to further stimulate housing demand.
However, potential investors and homeowners should remain aware of broader economic indicators and regional developments that could impact market conditions. Monitoring interest rates, employment statistics, and provincial housing regulations will be crucial in making informed decisions about entering or exiting the Rossville real estate market.
In summary, while current data points towards a favorable climate for real estate ventures in Rossville, stakeholders must keep abreast of local and national trends that could shape market dynamics in both the short and long term.
