Medicine Hat is a city located in the southeast region of Alberta, Canada. This city is famous for its large natural gas fields. This is a wonderful place to visit, work and live. This city has a small population of 6500 individuals. If you want a dry climate for health reasons or want to enjoy a climate reason, Medicine Hat is a very good option to consider.
Medicine Hat is a very affordable Canadian city to live in. The total cost of living in Medicine Hat is almost $1,527. The average rent in the city for a one-bedroom apartment is about $851 per month. The utility cost is also affordable and is about $150 per month.
Average Housing Price in Medicine Hat:
There is a small difference in the median housing price of houses and apartments in Medicine Hat. The median housing price of homes is about $299,900. The monthly growth in the city is about 25.01 percent. The median price of an apartment in Medicine Hat is about $215,000. The monthly growth in the median price of an apartment is about 22.92 percent.
According to recent Medicine Hat real estate statistics, this city currently has 294 properties for sale. The average asking price of homes in Medicine Hat is about $317,490.94. The lowest-priced property in Medicine Hat is $24000 while the highest-priced property is about $1,899,000.00. According to research on the history of Medicine Hat sales, property types include townhomes, single-family attached, and detached homes, along with Medicine Hat real estate reports.
Homes for sale in Medicine Hat:
Do you want to buy a cheap house in Medicine Hat?
Then at the cost of $299,900 this month, this city is a chance for you, price-wise. The most common listing this month is 3 bedroom housing properties, less than the most common offering of 3 bedrooms in the province.
What kind of houses can people afford in Medicine Hat?
You can buy houses of different construction styles in Medicine Hat. You can buy an amazing house in the range of $400,000 to $600,000. A 3 bed and 3 bath apartment are available at 73 Scott Crescent SE Medicine Hat, AB T1B4. The total covering an area of the apartment is about $419,900. The covering area of this house is 1,516 sq ft. The price goes on increasing with the increase in total covering area; they are still affordable.
Similarly, a 5 bedroom and 2 bathroom apartment is available at 19 Hatcher Ct NE Medicine Hat, AB T1C1.
Cheapest neighborhood to live in Medicine Hat:
Medicine Hat city has a number of affordable neighborhoods. One of the cheapest neighborhoods is Tower estate- Airport. This neighborhood has a population of 1,001 individuals. Tower estate is 51 percent less expensive than Medicine Hat. Another cheap neighborhood is North Flats. This neighborhood has a population of 3,190 individuals. This city is 25 percent less expensive than Medicine Hat and the list of affordable Medicine Hat neighborhoods continues to increase.