Schuler, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.3% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $430,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Schuler, Alberta is currently experiencing a steady growth in property values. With the median house price standing at $490,000 and showing an increase of 3.3% year-over-year, the market is indicative of a healthy demand for housing. The median apartment price is relatively lower at $295,000, which has also seen a growth trend, albeit at a slightly slower pace of 2.5% year-over-year. This balanced growth suggests a stable environment for both single-family homes and apartment units.
Investment Opportunities and Potential
Investors looking into the Schuler real estate market may find promising opportunities given the current trends. The consistent rise in property values coupled with the town’s population growth rate of 3.3% signal potential for capital appreciation over time. The diversification between houses and apartments offers varied investment options to suit different strategies, whether focusing on equity growth or rental income. The stable increase in prices indicates that investments are likely to be shielded from volatile swings common in other markets.
Future Market Outlook
The future outlook for Schuler’s real estate market appears positive. With a growing population of 15,500 residents, demand for housing is expected to remain robust, potentially pushing property values higher over time. Given that the population growth aligns with the rise in property values, this trend may very well continue if economic conditions remain favorable and the area attracts further residential or commercial developments. Investors and homeowners alike should monitor local economic indicators and development plans closely, as these will be critical in shaping the market’s trajectory.
