Tilton, Newfoundland and Labrador Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.4% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
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 | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Tilton, Newfoundland and Labrador
The real estate market in Tilton, Newfoundland and Labrador is currently experiencing modest growth. The median house price stands at $495,000, reflecting a 3.8% increase year-over-year. This indicates a stable market with moderate appreciation in property values, which is generally positive for homeowners and investors alike. Similarly, the median apartment price has grown to $295,000, with a 2.4% year-over-year increase. This slower rate of growth compared to houses suggests that apartments are a more accessible entry point into the real estate market for first-time buyers or those with a lower investment capacity.
The population of Tilton has reached 15,500 residents and is growing at a healthy rate of 3.3%. This population growth can further stimulate the local real estate market by increasing demand for housing. As more people move to the area, whether for employment opportunities, lifestyle choices, or other reasons, this can create upward pressure on both rental and purchase prices.
Investment Opportunities and Potential in Tilton
With steady growth in property values and an increasing population, Tilton offers promising investment opportunities. The consistent rise in median house and apartment prices suggests that investments made now could yield solid returns as the market continues to expand. Rental properties could be especially lucrative given the population growth, as new residents may look for temporary housing solutions before committing to purchasing a home.
Investors should consider diversifying their portfolios by acquiring a mix of residential properties—houses for long-term appreciation and apartments to meet the demand from those seeking more affordable or smaller living spaces. Additionally, the town’s ongoing development may present opportunities for investment in commercial real estate or new construction projects aimed at meeting the burgeoning housing needs.
Future Market Outlook for Tilton
The future market outlook for Tilton remains optimistic based on current trends. As long as the population continues to grow at a steady rate, demand for housing will likely sustain property value increases across different segments of the market. If economic conditions remain favorable and support job creation within the region, this could also contribute positively to the local real estate dynamics.
However, prospective investors should be mindful of broader economic trends that could impact interest rates and borrowing costs—factors that traditionally affect buyer affordability and real estate market liquidity. Monitoring local development plans and any changes in provincial or federal policies affecting homeownership could also provide insights into future market directions.
In conclusion, while no investment is without risk, Tilton’s current trajectory suggests it is positioned for continued growth in its real estate sector. Investors who act prudently could potentially benefit from both capital gains on property sales and steady income from rental properties amidst a growing local economy.
