Vulcan, Alberta Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.5% |
Quarterly trend | 4.0% |
Stock on market | 0.6% |
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 | $485,000 |
4 bedrooms | $570,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $330,000 |
3 bedrooms | $410,000 |
Demographics
Current Population (2025) | 15,000 |
Previous Population (2020) | 14,500 |
Population Change | 3.4% |
Total Private Dwellings | 6,000 |
Occupied Private Dwellings | 5,500 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Vulcan, Alberta is currently experiencing stable growth. With a median house price of $485,000, the market has seen a year-over-year increase of 4%. This consistent growth indicates a healthy demand for detached homes in the region. Similarly, the apartment sector is showing a positive trend with a median price of $295,000 and a year-over-year increase of 2.5%. These numbers suggest that while apartments are appreciating at a slightly slower rate than houses, investment in multi-family dwellings remains a sound choice.
Vulcan’s population has grown by 3.4% to reach 15,000 residents. This demographic expansion underpins the current demand for housing and contributes to the ongoing appreciation of property values in the area. The increasing population also suggests that there is continued interest in both living and investing in Vulcan, which is instrumental in driving the local real estate market forward.
Investment Opportunities and Potential
For investors looking at Vulcan’s real estate market, there are several opportunities to consider. The steady increase in median house prices reflects a resilient market with potential for capital gains over time. Investment in single-family homes could be particularly lucrative given their higher annual appreciation rate compared to apartments.
The multi-family dwelling segment also presents an opportunity for those interested in rental investments or more affordable entry points into the property market. With the continuous population growth, demand for rental properties is likely to remain strong, providing investors with potential for stable rental income streams alongside modest capital appreciation.
Future Market Outlook
Looking ahead, Vulcan’s real estate market appears poised for sustained growth. The combination of ongoing population increases and rising property values is indicative of a robust local economy and a burgeoning community. As long as these trends continue, both housing and apartment markets are expected to maintain their upward trajectories.
However, potential investors and homeowners should remain vigilant about external economic factors such as interest rates and employment figures that could affect consumer purchasing power and influence market dynamics. Nevertheless, Vulcan’s current indicators point to a favorable outlook for those considering entering or expanding their presence in the local real estate market.