Wrentham, Alberta 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 Wrentham, Alberta, is currently experiencing stable growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This modest upward trend indicates a healthy demand for housing, possibly driven by the area’s economic factors and livability. Similarly, the apartment sector is showing consistent growth with a median price of $300,000 and a 2.1% increase year-over-year. The population of Wrentham stands at 15,000 residents—having experienced a significant growth rate of 7.1%, this suggests an influx of new residents potentially due to employment opportunities or the attractiveness of the region.
Investment Opportunities and Potential
For investors looking at Wrentham’s real estate market, there are promising opportunities particularly in residential properties. The consistent growth in housing prices reflects a steady demand that could translate into reliable rental income for property owners. The increase in population suggests that there is potential for further development of both single-family homes and apartment complexes to meet the needs of new residents. Given the current trends, investments in properties aimed at middle-income earners might offer the most attractive returns due to their alignment with the median pricing data.
Future Market Outlook
The future outlook for Wrentham’s real estate market looks optimistic. The sustained population growth indicates that demand for housing will continue to rise, which may lead to an upward pressure on prices over the long term. If the local economy remains strong and continues to attract new residents, we can expect both house and apartment prices to maintain their gradual ascent. However, potential investors should also keep an eye on regional economic indicators and development plans as these factors could impact future market conditions.
