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Freeland, PE

Updated: Aug 2016
House
Median price $112,500
Monthly growth
Quarterly trend
Stock on market 0.89%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Freeland Home Price

The median asking price in Freeland is $112,500, quite a drop from the median three months ago which was $97,250 .

In Aug the median listed house price of $112,500 in Freeland was relatively low compared to the rest of Prince Edward Island.

Prince Edward Island has the fourth least amount of properties available to property investors, with Freeland having 140th most in the province, out of a total of 218.

It’s never an exact art, but to try to forecast how property is going to appreciate in Freeland for investors, it’s important to look at data like:

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Freeland there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Freeland will hopefully provide an indicator to help you where to research in-depth

Beds Median price (House) Median price (Apartment)
4 bedrooms $119,500
Demographics
  • Population in 2011499
  • Population in 2006523
  • 2006 to 2011 population change (%)-4.6
  • Total private dwellings224
  • Private dwellings occupied by usual residents202
  • Population density per square kilometre5.6
  • Land area (square km)89.4

Age Characteristics

Total population by age groups 495
0 to 4 years 25
5 to 9 years 20
10 to 14 years 35
15 to 19 years 35
15 years 5
16 years 5
17 years 10
18 years 10
19 years 10
20 to 24 years 35
25 to 29 years 30
30 to 34 years 30
35 to 39 years 30
40 to 44 years 30
45 to 49 years 40
50 to 54 years 45
55 to 59 years 40
60 to 64 years 30
65 to 69 years 30
70 to 74 years 25
75 to 79 years 15
80 to 84 years 5
85 years and over 5
Median age of the population 42.1
% of the population aged 15 and over 83.6

Marital Status

Total population 15 years and over by marital status 420
Married or living with a common-law partner 260
Married (and not separated) 230
Living common-law 25
Not married and not living with a common-law partner 160
Single (never legally married) 95
Separated 20
Divorced 20
Widowed 25

Family Characteristics

Total number of census families in private households 145
Size of census family: 2 persons 75
Size of census family: 3 persons 30
Size of census family: 4 persons 25
Size of census family: 5 or more persons 15
Total number of census families in private households 145
Total couple families by family structure and number of children 130
Married couples 115
Without children at home 60
With children at home 55
1 child 20
2 children 20
3 or more children 10
Common-law couples 15
Without children at home 0
With children at home 10
1 child 0
2 children 0
3 or more children 5
Total lone-parent families by sex of parent and number of children 15
Female parent 15
1 child 10
2 children 5
3 or more children 0
Male parent 5
1 child 0
2 children 5
3 or more children 0
Total children in census families in private households 150
Under six years of age 25
6 to 14 years 55
15 to 17 years 15
18 to 24 years 35
25 years and over 15
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 500
Number of persons not in census families 75
Living with relatives 20
Living with non-relatives only 10
Living alone 45
Number of census family persons 425
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 80
Number of persons not in census families aged 65 years and over 30
Living with relatives 10
Living with non-relatives only 0
Living alone 20
Number of census family persons aged 65 years and over 45
Total number of private households by household type 200
Census-family households 150
One-family-only households 135
Couple-family households 120
Without children 60
With children 60
Lone-parent-family households 20
Other family households 5
One-family households with persons not in a census family 10
Couple-family households 5
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 0
Non-census-family households 55
One-person households 45
Two-or-more-person households 10
Total number of occupied private dwellings by structural type of dwelling 200
Single-detached house 190
Apartment, building that has five or more storeys 0
Movable dwelling 10
Other dwelling 5
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 205
1 person 45
2 persons 80
3 persons 35
4 persons 30
5 persons 10
6 or more persons 5
Number of persons in private households 500
Average number of persons in private households 2.5

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