Youngstown, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| 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 Youngstown, Alberta, is currently experiencing steady growth. With a median house price of $485,000, the year-over-year price trend shows a moderate increase of 2.8%. This indicates a healthy demand for housing in the area. Similarly, apartments are also seeing an upward trend, with the median price at $295,000 and a year-over-year increase of 1.5%. The town’s population has grown by 3.3%, now standing at 15,500 residents, which may be contributing to the steady appreciation in property values.
Investment Opportunities and Potential
Given the consistent growth in property values and population, Youngstown presents itself as an attractive location for real estate investment. The modest yet persistent increases in house and apartment prices suggest that the market is stable and less prone to volatile swings. This stability can be particularly appealing to investors looking for long-term capital growth. Moreover, with a growing population, there is likely to be sustained demand for rental properties, potentially leading to attractive rental yields for landlords and property investors.
Future Market Outlook
Looking ahead, the future market outlook for Youngstown is positive. The ongoing population growth of 3.3% is expected to continue fueling housing demand. If local economic conditions remain favorable and if the current trends persist, both housing prices and rental rates are poised to rise further. However, potential investors should also be cognizant of broader economic factors such as interest rates and employment levels which can affect affordability and influence market dynamics. Careful analysis of these elements will be crucial for making informed investment decisions in the Youngstown real estate market.
