Urbania, 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
The real estate market in Urbania, Nova Scotia, has been experiencing a period of steady growth. The median house price currently stands at $500,000, marking a year-over-year increase of 3.5%. This consistent growth indicates a healthy demand for housing in the area, likely driven by the town’s population growth of 7.1%. The apartment market is also seeing positive movements with the median price at $300,000, and a year-over-year trend showing a 2.1% increase.
The sustained growth in both sectors of the housing market suggests strong market conditions that are favorable for sellers and stable for buyers. These trends highlight a balance between supply and demand, as prices are increasing but not at an unsustainable rate.
Investment Opportunities and Potential
In terms of investment opportunities, Urbania presents potential for both residential and rental markets. The steady increase in property values indicates that investments made now could yield significant returns over time, given the current trends continue. In particular, the rising median house price suggests that single-family homes could be a promising investment.
Rental properties also offer potential due to Urbania’s growing population. With more people moving to the area, demand for rental accommodations is likely to rise, potentially leading to higher rental income and lower vacancy rates for investors.
Future Market Outlook
Looking ahead, Urbania’s real estate market appears poised for continued growth. The robust population increase suggests an ongoing demand for housing which may further drive property values upward. Assuming similar economic conditions persist—such as low-interest rates and steady employment opportunities—Urbania’s housing market may remain attractive to both homebuyers and investors.
The gradual but consistent appreciation in house and apartment prices points towards a resilient market less susceptible to volatile swings. As such, those investing in real estate can expect a relatively stable environment with potential for moderate capital gains over the long term.
