Zhoda, Manitoba 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Zhoda, Manitoba, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector shows resilience and consistent upward momentum. Similarly, the apartment market exhibits stability with a median price of $300,000 and a more modest year-over-year increase of 2.1%. This gradual growth pattern suggests that the Zhoda real estate market is moving at a sustainable pace.
The population of Zhoda stands at 15,000 residents with a robust population growth rate of 7.1%. This significant demographic expansion underpins the increasing demand for housing and supports the ongoing positive trends in property values. The current conditions indicate a healthy real estate economy with potential for long-term investment returns.
Investment Opportunities and Potential
Zhoda’s real estate market presents various investment opportunities, particularly given its solid population growth and consistent property value appreciation. The steady increase in median house prices points to a strong single-family home segment that may appeal to investors looking for long-term capital gains.
The apartment sector’s slower growth rate presents a different opportunity: investors might find potential in purchasing rental properties to cater to those seeking more affordable housing options. As the population continues to grow, so does the demand for rental accommodations, which can lead to attractive rental yields for investors.
Furthermore, the current trends suggest there is room for development projects to meet the increasing housing demand. This could be particularly interesting for developers and investors with an eye on expanding their portfolios into new residential constructions or renovations of existing properties.
Future Market Outlook
The future outlook for Zhoda’s real estate market remains positive based on current trends and demographic indicators. The sustained population growth is likely to continue fueling demand for both ownership and rental properties. Assuming economic conditions remain favorable, this demand should support ongoing property value appreciation across all segments of the market.
Given the steady rise in median house prices coupled with a notable year-over-year growth rate, it would not be surprising to see continued investment in the single-family home market. Similarly, apartments are expected to maintain their appeal due to their more accessible price point and rising interest as both primary residences and investment properties.
To conclude, Zhoda’s real estate market appears well-positioned for continued growth. Investors should monitor local economic developments closely as they will play a critical role in shaping the longer-term trajectory of property values in the region.
