Warren, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.8% |
| 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 | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,000 |
| 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 Warren, Manitoba currently showcases a stable growth pattern. With a median house price of $490,000 and a year-over-year increase of 3%, the market is experiencing a moderate appreciation in property values. This is indicative of a healthy demand for housing in the area. Similarly, the median apartment price stands at $295,000, following a slightly lower year-over-year trend of 1.8%. This is reflective of a sustained interest in more affordable and smaller-scale living spaces.
The population of Warren has been growing steadily at a rate of 3.3%, which suggests an influx of residents that could potentially boost housing demand further. The consistent growth in population is often correlated with economic stability and job opportunities, which can have a positive impact on the real estate market.
Investment Opportunities and Potential
Given the steady rise in housing prices and the significant population growth, Warren presents itself as an attractive location for real estate investment. The continuous appreciation of property values offers the potential for capital gains over the long term. Moreover, as the population grows, there may be increased demand for rental properties, making buy-to-let investments particularly appealing to investors looking for regular income streams.
Investors should also consider diversifying their portfolio by exploring both residential houses and apartments due to their different price appreciation trends. Apartments offer a more accessible entry point into the market and may appeal to young professionals or smaller households contributing to population growth.
Future Market Outlook
The future market outlook for Warren remains optimistic. The steady population growth suggests sustained demand for housing, which should support current price trends. Assuming that economic conditions remain favorable and employment opportunities continue to attract residents to the area, we can expect further gradual increases in property values.
However, potential investors should remain aware of external factors such as changes in interest rates, government housing policies, and broader economic shifts that could impact the local real estate market. Keeping abreast of these variables will be crucial in making informed investment decisions.
In conclusion, Warren’s real estate market appears poised for continued growth with promising investment opportunities. Investors who conduct thorough market research and act strategically have the potential to benefit from both capital gains and rental yields over time.
