Zhoda, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
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 | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $245,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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
In Zhoda, Manitoba, the real estate market is characterized by steady growth. With a median house price of $495,000 and an annual appreciation trend of 3.2%, the market demonstrates resilience and a stable investment environment. The median apartment price stands at $295,000, following a slightly lower appreciation trend of 2.5% year-over-year. This suggests that while both segments of the housing market are growing, standalone homes are currently seeing a marginally higher rate of capital growth.
The local population of 15,000 has been experiencing a healthy growth rate of 3.4%. This demographic expansion can be attributed to factors such as employment opportunities, lifestyle quality, and Zhoda’s overall livability. Population growth is a critical driver for housing demand, and the current trend indicates positive momentum for real estate activities in the region.
Investment Opportunities and Potential
The upward trajectory in property values coupled with consistent population increase presents investors with substantial opportunities in Zhoda’s real estate market. Investors looking for long-term capital gains might focus on single-family houses due to their higher year-over-year price increment. These properties are likely to benefit from sustained demand driven by demographic growth.
On the other hand, apartments offer a relatively affordable entry point into the market and could appeal to first-time investors or those seeking rental income properties. With the local population expanding, demand for rental units is expected to rise, potentially leading to an increase in rental yields over time.
Furthermore, new developments tailored to meet the evolving needs of residents – such as sustainable living options or community-centric designs – may also represent untapped potential for forward-thinking investors.
Future Market Outlook
The future outlook for Zhoda’s real estate market remains optimistic based on current trends and data. Continuous population growth will likely keep driving housing demand upwards. If economic conditions remain stable and supportive policies are maintained or introduced, the market should continue on its growth trajectory.
The observed trends suggest that investment in both houses and apartments will remain attractive prospects. However, it will be important for investors to monitor economic indicators and stay informed about local development plans that may affect property values.
As Zhoda evolves, its real estate market may also diversify, offering a variety of investment opportunities across different property types and price points. Investors who stay attuned to these changes will be well-positioned to capitalize on emerging trends in this dynamic market.
