Youngstown, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
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 | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Youngstown, Alberta
In Youngstown, Alberta, the real estate market is currently experiencing moderate growth. The median house price stands at $490,000, which reflects a year-over-year increase of 3.2%. This upward trend indicates a steadily growing market that has been resilient despite economic fluctuations. Similarly, the median apartment price has seen a rise to $295,000, marking a 2.5% year-over-year growth. These figures suggest a balanced market where both segments of housing are appreciating at a sustainable rate.
The population of Youngstown has reached approximately 15,500 residents, and it is on an upward trajectory with a healthy growth rate of 3.3%. This increase in inhabitants is likely contributing to the demand for housing and the consequent appreciation in property values.
Investment Opportunities and Potential in Youngstown, Alberta
The steady growth in real estate values coupled with the increasing population makes Youngstown an attractive location for real estate investment. The consistent rise in median house and apartment prices suggests that investments made in the current market have strong potential for capital gains. Furthermore, as the town continues to grow, there may be opportunities for new development projects to meet the housing demand.
Investors might also consider diversifying their portfolios by investing in both residential properties and rental units given the town’s growing populace. Rental properties could offer stable income streams as well as long-term equity growth, particularly considering the promising trends in apartment value appreciation.
Future Market Outlook for Youngstown, Alberta
The future real estate market outlook for Youngstown appears optimistic. The ongoing population growth implies that demand for housing will likely continue to rise. If the local economy remains robust and supports the current growth trajectory, we can expect both house prices and apartment prices to maintain their steady climb.
However, investors should remain vigilant about national economic indicators such as interest rates and employment levels, which could influence buyer affordability and thus impact local real estate markets indirectly. Keeping abreast of these factors will be key to making informed decisions about entering or exiting the Youngstown property market.
In summary, current trends suggest that Youngstown offers promising opportunities for real estate investment with expectations of continued market growth. Prudent investors should monitor wider economic conditions while considering local demographic shifts that could further shape the landscape of investment potential in this dynamic Alberta community.
