Best places to buy real estate in Edmonton

Table of contents: Best places to buy in Edmonton (tap to open)

Methodology

How to read the results table

The table highlights the top 50 neighbourhoods in Edmonton. To view the complete data set for all 278 Edmonton neighbourhoods, visit this page.

Benchmark price 2023: An average of the composite benchmark price throughout 2023. It represents all property types, including attached and detached homes, townhouses/row units and apartment units.
1-year, 3-year and 5-year growth: The percentage increase or decrease in the composite benchmark price (all property types) over each time frame.
Value, economics and accessibility: These neighbourhood characteristics are each scored on a scale of 0 to 5, with 5 representing the most value for your money, high levels of income and education, and ease of travel by foot, bike and public transit.
Children: The neighbourhood’s percentage of households with kids.

Best places to buy real estate in Edmonton

In the table below, you’ll find the top neighbourhoods for real estate purchases in Edmonton. To view all the data, slide the columns right or left using your fingers or mouse. You can download the data to your device in Excel, CSV and PDF formats.

wdt_ID	Rank	Neighbourhood	City	Benchmark price 2023	1-year growth	3-year	5-year	Value	Economics	Accessibility	Children (%)
1	1	Terwillegar South	Edmonton	$345,465	2%	2%	-4%	3.0	5.0	2.2	51%
2	2	Falconer Heights	Edmonton	$495,615	16%	17%	8%	2.9	5.0	2.2	51%
3	3	Secord	Edmonton	$107,050	12%	33%	-39%	3.9	3.9	0.6	37%
4	4	Leger	Edmonton	$501,903	5%	13%	5%	2.7	5.0	2.2	51%
5	5	Terwillegar Towne	Edmonton	$496,578	-3%	10%	14%	2.6	5.0	2.2	51%
6	6	Jamieson Place	Edmonton	$412,321	6%	6%	6%	2.9	4.7	1.8	52%
7	7	Broadview Park	Edmonton	$294,453	3%	7%	-1%	3.2	4.4	1.3	45%
8	8	Haddow	Edmonton	$492,391	-1%	4%	0%	2.5	5.0	2.2	51%
9	9	Hodgson	Edmonton	$474,996	-10%	-0%	0%	2.4	5.0	2.2	51%
10	10	Carter Crest	Edmonton	$542,694	1%	2%	4%	2.4	5.0	2.2	51%
11	11	Brentwood	Edmonton	$382,905	-2%	11%	13%	3.0	4.5	0.5	47%
12	12	Broadmoor Estates	Edmonton	$453,482	5%	18%	19%	2.9	4.5	0.5	47%
13	13	The Hamptons	Edmonton	$444,379	-10%	16%	13%	2.7	4.7	1.8	52%
14	14	Bulyea Heights	Edmonton	$618,513	3%	17%	14%	2.4	5.0	2.2	51%
15	15	Summerwood	Edmonton	$328,011	-2%	5%	-4%	3.0	4.4	1.3	45%
16	16	Mills Haven	Edmonton	$403,858	-2%	12%	10%	2.9	4.5	0.5	47%
17	17	Gariepy	Edmonton	$432,852	-9%	15%	-3%	2.7	4.7	1.8	52%
18	18	Charleton Heights	Edmonton	$402,554	5%	8%	5%	2.9	4.4	1.3	45%
19	19	Anthony Henday South West	Edmonton	$476,979	-5%	0%	20%	2.6	4.7	1.8	52%
20	20	Dechene	Edmonton	$460,558	-7%	6%	6%	2.6	4.7	1.8	52%
21	21	Rhatigan Ridge	Edmonton	$657,944	8%	11%	8%	2.3	5.0	2.2	51%
22	22	Maplegrove	Edmonton	$373,763	-9%	4%	3%	2.8	4.5	0.5	47%
23	23	Glen Allan	Edmonton	$453,740	-1%	16%	12%	2.8	4.5	0.5	47%
24	24	Sherwood Heights	Edmonton	$361,079	-10%	3%	-2%	2.8	4.5	0.5	47%
25	25	Maplewood	Edmonton	$490,340	9%	11%	10%	2.8	4.5	0.5	47%
26	26	Lakeland Ridge	Edmonton	$357,332	-6%	-0%	-1%	2.8	4.4	1.3	45%
27	27	Macewan	Edmonton	$307,421	-10%	9%	-12%	2.9	4.2	2.0	45%
28	28	Evergreen	Edmonton	$78,928	22%	23%	9%	4.3	2.9	1.0	48%
29	29	Davidson Creek	Edmonton	$448,978	3%	8%	8%	2.8	4.4	1.3	45%
30	30	Mactaggart Area	Edmonton	$640,312	-4%	19%	2%	2.2	5.0	2.2	51%
31	31	Lakeland Village	Edmonton	$427,556	-2%	18%	-6%	2.8	4.4	1.3	45%
32	32	Ellerslie	Edmonton	$320,729	-5%	8%	7%	3.1	4.1	0.6	53%
33	33	Clarkdale Meadows	Edmonton	$493,938	5%	15%	13%	2.8	4.4	1.3	45%
34	34	Sherwood Park	Edmonton	$299,830	-21%	-12%	-11%	2.7	4.5	0.5	47%
35	35	Callaghan	Edmonton	$349,409	-3%	-2%	-5%	2.9	4.2	2.0	45%
36	36	Westboro	Edmonton	$364,705	-9%	-5%	-22%	2.6	4.5	0.5	47%
37	37	Rutherford	Edmonton	$462,685	-2%	20%	19%	2.8	4.2	2.0	45%
38	38	Magrath Heights Area	Edmonton	$669,024	3%	3%	-0%	2.1	5.0	2.2	51%
39	39	Foxhaven	Edmonton	$513,467	0%	11%	7%	2.6	4.5	0.5	47%
40	40	Gainer Industrial	Edmonton	$228,023	15%	6%	-1%	3.6	3.4	2.3	33%
41	41	Blackburne	Edmonton	$470,388	4%	11%	-2%	2.7	4.2	2.0	45%
42	42	Wye Road Gardens	Edmonton	$430,682	10%	-39%	-20%	2.5	4.5	0.5	47%
43	43	Wyecliff	Edmonton	$587,352	4%	19%	11%	2.5	4.5	0.5	47%
44	44	The Orchards at Ellerslie	Edmonton	$416,053	-4%	13%	12%	2.9	4.1	0.6	53%
45	45	Blackmud Creek	Edmonton	$477,212	-5%	15%	14%	2.7	4.2	2.0	45%
46	46	Heritage Hills	Edmonton	$519,676	-4%	4%	4%	2.4	4.5	0.5	47%
47	47	Heritage Valley Area	Edmonton	$464,814	-1%	8%	-2%	2.6	4.2	2.0	45%
48	48	Rural South East	Edmonton	$490,315	-2%	22%	28%	2.8	4.1	0.6	53%
49	49	Clover Bar Ranch	Edmonton	$503,922	-4%	7%	4%	2.5	4.4	1.3	45%
50	50	Ambleside	Edmonton	$404,624	-11%	-2%	-3%	2.6	4.2	2.0	45%

Source: Zoocasa

Top three neighbourhoods in Edmonton

1. Terwillegar South

Located in the southwest corner of Edmonton, Terwillegar South is bounded on the west by Terwillegar Drive and on the east by Rabbit Hill Road. It’s one of seven neighbourhoods within Terwillegar Heights. The area has seen some home price movement in recent years. The 2023 benchmark price was $345,465. While that was 2% higher than in 2020, it was 4% lower than in 2018. Terwillegar South has a value score of 3.0. And due to high levels of average household income and education, as well as a high percentage of property owners, it has a neighbourhood economics score of 5.0.

The Terwillegar South neighbourhood is relatively new. Construction began in 2003 and ended around 2009. It’s mostly made up of single-family detached homes, though there are also multi-family houses and condos. Homes commonly have parking in the rear, prioritizing pedestrian access out front. This is a great place to buy if you want a newer home with low maintenance costs.

View Terwillegar South real estate listings on Zoocasa.

2. Falconer Heights

Falconer Heights, situated in southwest Edmonton, is a residential neighbourhood bordered by Riverbend Road to the west, Rabbit Hill Road to the north, and Terwillegar Drive to the east. In 2023, the benchmark home price was $495,615—which was 16% higher than in 2022, but only 8% higher than in 2018. Falconer Heights has a value score of 2.9, and like Terwillegar South, it has a high average household income and high level of educational attainment, supporting its perfect neighbourhood economics score of 5.0.

The housing stock in Falconer Heights is typified by single-family detached homes and townhouses with three or more bedrooms. Approximately 95% of the residences in the neighbourhood are owned by their occupants, and the remainder are rented. Students in Falconer Heights have access to several schools in the vicinity, such as Earl Buxton School, St. Mary, George H. Luck School, Archbishop Joseph MacNeil, and Lillian Osborne. Families can enjoy community parks and forests, which provide excellent spaces for recreation and relaxation. Falconer Heights is a serene and secluded neighbourhood, complemented by its proximity to shops, stores, libraries and trails, all of which contribute to its unique historical character.

View Falconer Heights real estate listings on Zoocasa.

3. Secord

Located in West Edmonton, Secord is home to more than 3,500 residents. With a value score of 3.9, it had a benchmark home price of $107,050 in 2023—that was 33% higher than in 2020, though also 39% lower than in 2018. This growing neighbourhood is home to many new construction projects, which has led to ebbs and flows in prices.

Secord offers a diverse range of home styles, catering to various preferences and income levels. The neighbourhood features detached single-family dwellings, duplexes, townhomes and apartments, ensuring there’s a suitable home for every lifestyle and budget. Secord has a youthful demographic profile, with the majority of working adults aged 25 to 54. Approximately 37% of households in the area have children. Due to its subdivision model, however, Secord isn’t very walkable. It has a neighbourhood accessibility score of just 0.6.

View Secord real estate listings on Zoocasa.

What’s happened in the Edmonton real estate market?

Fuelled by demand from international and interprovincial migration, home prices in Edmonton followed a relatively consistent upward trend throughout 2023. The benchmark home price rose from $359,500 in January 2023 to a high of $376,800 in June. After the summer peak, the benchmark price dipped and finished the year at $370,500, an increase of roughly 3% from the beginning of the year.

“Early in 2023, the market was busy, but as the year unfolded and interest rates went up, demand died down a bit and we shifted more towards a balanced market,” explains local eXp real estate agent Krystal Smith. (Zoocasa, the author of this study, is wholly owned by eXp World Holdings.) “However, with many buyers coming in from out-of-province, demand was still stable, just slower than previous years.”

With buyers feeling uncertain about the trajectory of home prices, interest rates and overall affordability, many chose to focus on more affordable property types.

“Most people were looking at single-family homes in the $300,000 to $500,000 range. Anything in that range sold quickly and attracted a lot of buyer attention,” says Smith.

However, the standout property type of 2023 was condos, she says. “Condos were really hot towards the end of 2023. We have some of the lowest condo prices in the country, so that keeps our condo market vibrant with high demand.”

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What’s next for real estate in Edmonton?

Even as Edmonton continues to experience price gains, few major markets can compete with the city’s affordable home prices. In January 2024, the composite benchmark home price was $370,100, and it was about half that for a condo apartment. These low prices will continue to attract Toronto and Vancouver buyers in 2024.

However, the market remains tight for buyers. “Listings are coming to the market, yet they’re being snapped up so quickly that our inventory barely gets a chance to grow,” says Smith. “As demand continues to surge through the year, we’re going to move into a seller’s market, and it’s unlikely our inventory levels will improve much.’’

On the other hand, sellers in Edmonton will benefit from strong demand and growing buyer interest. “We’ve kicked off our spring market unusually early, with activity picking up in mid-January,” Smith says. “With such enthusiasm already in the air, and anticipation of interest rate drops in the future, I’m expecting this to be a top year for sales.”

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This article was created by Zoocasa.

This is an unpaid article. It was written by a content partner based on its expertise and edited by MoneySense.

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About Zoocasa

Zoocasa is an award-winning consumer real estate search portal. It uses data and technology to deliver an intelligent, end-to-end real estate experience.

Comments Cancel reply

Kim says:

April 17, 2024 at 11:22 pm

I’m opening Where to buy in Calgary, but your link is opening Edmonton

Reply
1. MoneySense Editors says:
  
  April 18, 2024 at 4:01 pm
  
  Thank you for flagging this. We’ve fixed the issue.
  
  Reply
Jane Hladky says:

June 7, 2024 at 8:08 pm

Would love to know how you came up with the neighbourhood rating? for example Blackburne shows at 41- yet housed in here sell in a couple of days, highly sought after but very, very few homes in this neighborhood so are the numbers based on total volume of sales ? Or sales/number of homes in the neighborhood? It’s a gem, no one knows about it, super convenient, private trails and ravine and one of the safest neighbourhoods in the City!! Check the crime maps!

Reply