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Aroostook, NB

Updated: Aug 2016
House
Median price $49,900
Monthly growth -16.06 %
Quarterly trend
Stock on market 1.79%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Aroostook Home Price

Across the country as a whole, Aroostook is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.

With Aroostook’s median house price at $49,900 in Aug , it is one of the cheapest neighbourhoods compared to the rest of New Brunswick.

Aroostook’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.

This month we track 224th neighbourhoods in New Brunswick, and Aroostook has the 224th most choice available for real estate investors.

Can we guarantee how well Aroostook is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Aroostook have dried up which would tend to indicate that demand is higher than the supply of new properties.

Can we guarantee how well Aroostook is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.

Beds Median price (House) Median price (Apartment)
3 bedrooms $49,900
Demographics
  • Population in 2011351
  • Population in 2006346
  • 2006 to 2011 population change (%)1.4
  • Total private dwellings168
  • Private dwellings occupied by usual residents149
  • Population density per square kilometre156.7
  • Land area (square km)2.24