Trending

Ads Google

Somerset, MB

Updated: Aug 2016
House
Median price $159,700
Monthly growth
Quarterly trend
Stock on market 1.00%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Somerset Home Price

Canada’s national median home listing price this month is $290,900, which means that Somerset is in the bottom 40% for Canada.

While the median for Manitoba is $264,900 , which means that Somerset’s median price is $159,700 below average than the rest of the province.

If you’re looking at investment properties in Somerset, then you’re most likely to find homes with 4 bedrooms on sale this month.

From our data, it appears that neighbourhood is number 4285th when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the lowest 10 percent.

As one of Manitoba’s many potential real estate investment neighbourhoods, Somerset needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

Over the last three months in Somerset, housing stock available seems to be falling – this could mean that homes values might increase faster.

As one of Manitoba’s many potential real estate investment neighbourhoods, Somerset needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

If you are looking at investment properties in Somerset, 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.

Find a mortgage broker in Somerset, MB
Beds Median price (House) Median price (Apartment)
4 bedrooms $159,700
Demographics
  • Population in 2011439
  • Population in 2006432
  • 2006 to 2011 population change (%)1.6
  • Total private dwellings201
  • Private dwellings occupied by usual residents190
  • Population density per square kilometre179
  • Land area (square km)2.45

Age Characteristics

Total population by age groups 440
0 to 4 years 30
5 to 9 years 25
10 to 14 years 30
15 to 19 years 30
15 years 0
16 years 10
17 years 5
18 years 5
19 years 5
20 to 24 years 15
25 to 29 years 15
30 to 34 years 20
35 to 39 years 15
40 to 44 years 25
45 to 49 years 35
50 to 54 years 40
55 to 59 years 20
60 to 64 years 30
65 to 69 years 25
70 to 74 years 20
75 to 79 years 25
80 to 84 years 15
85 years and over 15
Median age of the population 46.4
% of the population aged 15 and over 80.9

Marital Status

Total population 15 years and over by marital status 355
Married or living with a common-law partner 220
Married (and not separated) 195
Living common-law 25
Not married and not living with a common-law partner 135
Single (never legally married) 70
Separated 10
Divorced 15
Widowed 40

Family Characteristics

Total number of census families in private households 125
Size of census family: 2 persons 70
Size of census family: 3 persons 15
Size of census family: 4 persons 25
Size of census family: 5 or more persons 10
Total number of census families in private households 125
Total couple families by family structure and number of children 110
Married couples 100
Without children at home 55
With children at home 45
1 child 10
2 children 20
3 or more children 15
Common-law couples 15
Without children at home 10
With children at home 5
1 child 5
2 children 0
3 or more children 5
Total lone-parent families by sex of parent and number of children 20
Female parent 20
1 child 10
2 children 0
3 or more children 5
Male parent 0
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 130
Under six years of age 30
6 to 14 years 55
15 to 17 years 15
18 to 24 years 20
25 years and over 5
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 435
Number of persons not in census families 70
Living with relatives 0
Living with non-relatives only 5
Living alone 70
Number of census family persons 365
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 105
Number of persons not in census families aged 65 years and over 45
Living with relatives 0
Living with non-relatives only 0
Living alone 40
Number of census family persons aged 65 years and over 60
Total number of private households by household type 190
Census-family households 120
One-family-only households 120
Couple-family households 105
Without children 60
With children 45
Lone-parent-family households 10
Other family households 5
One-family households with persons not in a census family 5
Couple-family households 0
Without children 0
With children 0
Lone-parent-family households 5
Two-or-more-family households 5
Non-census-family households 70
One-person households 65
Two-or-more-person households 0
Total number of occupied private dwellings by structural type of dwelling 190
Single-detached house 165
Apartment, building that has five or more storeys 0
Movable dwelling 5
Other dwelling 30
Semi-detached house 0
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 30
Other single-attached house 0
Total number of private households by household size 190
1 person 65
2 persons 65
3 persons 20
4 persons 25
5 persons 5
6 or more persons 10
Number of persons in private households 435
Average number of persons in private households 2.3

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

Useful Links

Advertisement

Website Managed By

© 2021 Canadian Estate Wealth. All Rights Reserved by Merged Media