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Millbrook, NB

Updated: Aug 2016
House
Median price $199,900
Monthly growth
Quarterly trend
Stock on market 0.30%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Millbrook Home Price

Millbrook was Canada’s 2860th most expensive suburb by listed median house price this month.

The median house price listed in Millbrook this month is $199,900.

When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.

There are 421 neighbourhoods that have more properties on sale than Millbrook at the moment in New Brunswick which puts the neighbourhood bottom 40% when looking at the number of properties to choose from.

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

If you are looking at investment properties in Millbrook, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

When we look at the data we have, it can help with trying to establish whether or not Millbrook is a good investment target.

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 Millbrook have stayed pretty much the same which would tend to indicate that demand is steady.

Beds Median price (House) Median price (Apartment)
3 bedrooms $179,900
Demographics
  • Population in 20112529
  • Population in 20062427
  • 2006 to 2011 population change (%)4.2
  • Total private dwellings1003
  • Private dwellings occupied by usual residents959
  • Population density per square kilometre10.4
  • Land area (square km)244.27