Trenton, Nova Scotia 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 Trenton, Nova Scotia
The real estate market in Trenton, Nova Scotia, is currently experiencing stable growth. The median house price in the area is set at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy market that is attracting homebuyers and investors alike. The median apartment price follows suit with an appreciable growth rate of 2.1%, now standing at $300,000. Such positive trends are underpinned by Trenton’s solid population growth of 7.1%, which sits at approximately 15,000 residents. This demographic expansion suggests a growing demand for housing in the area.
Investment Opportunities and Potential in Trenton, Nova Scotia
Trenton presents several attractive investment opportunities for those looking to enter the real estate market or expand their portfolio. Given the consistent upward trend in property values, investors can expect to see continued appreciation in their assets. Houses, with a more pronounced price increase compared to apartments, offer an opportunity for a potentially higher return on investment over time. Additionally, the robust population growth signals a potential increase in rental demand, which could benefit investors looking to purchase apartments or develop multi-family units.
Future Market Outlook for Trenton, Nova Scotia
The future market outlook for Trenton’s real estate appears promising. The steady growth in median house and apartment prices is expected to persist as the region’s population continues to rise. Factors contributing to this optimism include ongoing local economic development initiatives, infrastructure improvements, and the allure of Trenton’s lifestyle offerings. These elements collectively contribute to a positive sentiment among buyers and investors regarding the long-term value of properties in Trenton. However, it’s essential for stakeholders to monitor economic indicators closely and remain aware of any changes that could affect the area’s real estate trajectory.
