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
The real estate market in Rossville, Manitoba currently presents a stable environment with modest growth. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. This consistent upward trend indicates healthy demand and a robust housing sector. The apartment sector is also showing positive movement, with a median apartment price at $300,000 and a 2.1% year-over-year increase in value. This suggests that the market is accessible to a broader range of buyers, including first-time homeowners and investors looking for rental properties.
The population of Rossville stands at approximately 15,000 residents, with an impressive growth rate of 7.1%. This significant population increase is likely contributing to the steady demand for housing in the area, underpinning the current market trends.
Investment Opportunities and Potential
Rossville’s real estate market presents several attractive investment opportunities. The steady growth in property values coupled with the robust population increase suggests that demand for housing will continue to rise. Investment in residential properties, particularly single-family homes, could yield solid returns given the 3.5% growth rate in house prices.
Apartments also offer potential as investment vehicles due to their more moderate price point and the growing rental market. With a 2.1% appreciation rate, investors may find apartments in Rossville an affordable entry point into the real estate market with a reasonable expectation for capital gains and rental income.
Future Market Outlook
The future outlook for Rossville’s real estate market appears promising. Population trends are one of the key drivers for housing demand, and with a substantial growth rate of 7.1%, it’s reasonable to foresee sustained demand for housing in both purchase and rental sectors. Should this demographic trend persist, it is likely that property values will continue to appreciate, though external economic factors could also influence market dynamics.
The consistent appreciation in property values indicates a stable investment climate; however, investors should remain cognizant of global economic conditions and local developments that could affect market performance. If Rossville continues on its current trajectory without significant negative impacts from external factors, the real estate market is poised for continued growth over the medium to long term.
