Airdrie Affordable Areas: Where to Find Affordable Homes

Jun 28, 2023
Published by Derek Timmons
Category:

Do you know the feeling of sifting through real estate listings, eyes glazed over, yet another cup of coffee in hand?

Maybe you’ve gone down the rabbit hole of Googling housing prices, only to emerge hours later more confused than you began.

And while the process might be boring, the promise of a cozy fireplace or a sunny backyard keeps you trudging through it.

So, whether you’re an individual on the hunt for your first home, a growing family dreaming of extra rooms, or a retiree looking for a treat, Airdrie is for you.

By the end of this read, we promise you’ll have your own shortlist of affordable neighbourhoods to explore!

Overview of Airdrie

As far as cities go, Airdrie may not be the biggest kid on the block, but it sure packs a punch. This city is found within the Calgary-Edmonton corridor, making it the ideal location for growth and development.

The population stands at around 80,222, and the demographic is as diverse as they come. You’ll find young professionals, families, and retirees all enjoying the city’s vibrant atmosphere.

The Growth of Airdrie in Recent Years

Airdrie has been on a growth spurt in the last few years. This expansion has brought about an increased demand for housing.

But don’t worry! With all the affordable neighbourhoods we’re about to touch base on, you will surely find something that fits your budget and style.

Cost of Living in Airdrie

One of the first things you’ll notice about Airdrie is the way your wallet starts to feel a bit more full.

How’s that? Well, the cost of living in this city is a good 6% lower than the city average and about 10% lower than the Alberta average.

That means more money for picnics in the park, impromptu BBQ parties, or maybe even that boat you’ve been eyeing!

The Real Estate Market in Airdrie

The real estate market in Airdrie is dynamic and diverse. It offers a range of housing types, from single-family homes to townhouses and condos.

Whether you’re a first-time homebuyer or a seasoned investor, Airdrie’s real estate market has something to offer you.

And the best part? There are numerous affordable options waiting to be discovered.

Affordable Areas in Airdrie

These homes are affordable homes in Airdrie

Before we jump in, keep in mind that “affordable” doesn’t mean you have to sacrifice quality.

Each of these areas offers a unique blend of amenities and attractions. They ensure you’ll find something that’s just your cup of tea.

Airdrie Meadows

If the idea of a white picket fence and friendly neighbours gets your heart racing, Airdrie Meadows is your match.

Airdrie Meadows is an idyllic spot with its predominant single detached homes and townhouses.

Around 80% of this neighbourhood’s residents own their homes, making it a stable and family-friendly community.

Big Springs

If your bank account is leaning towards the lighter side, Big Springs might be the place for you.

With housing prices around 35% below the city average, this neighbourhood is among the best spots for budget listings.

Edgewater

In Edgewater, you’ll find a selection of housing types, from single-family homes to townhomes and condos.

While new construction properties tend to be pricier, overall, homes in Edgewater typically range from $300,000 to $600,000.

Jensen

Ever wanted to live in one of those Craftsman-style homes you see in movies?

Well, Jensen’s got them in droves. Jensen offers homes listed under $400,000 for starters and up to $600,000 for larger properties.

With detached single-family bungalows and Craftsman-style bi-levels, Jensen is a feast for architecture lovers!

King’s Heights

Meet King’s Heights. This neighbourhood boasts a range of properties for all tastes and budgets.

This area proves that you don’t need to be royalty to live in a place with “king” in its name.

Luxestone

Luxestone offers a fantastic opportunity to find your dream home. The average price for homes in this community hovers around $350,000, making it an attractive option for those comfort and convenience. 

Old Town

Old Town, a neighbourhood where detached single-family homes reign supreme, is a great place to start.

With an average price of $300,000 to $600,000, you can live in the heart of Airdrie without breaking the bank.

Stonegate

Stonegate is a haven where affordability and comfort meet. The average price for homes in Stonegate is approximately $320,000. This neighbourhood is perfect for those looking for budget-friendly, charming living spaces.

Willowbrook

Last but not least, we have Willowbrook, the fastest-growing neighbourhood with the most transactions. Willowbrook is the place to be if you want to be where the action is!

Practical Considerations When Searching for Affordable Homes

Couple finding affordable homes in Airdrie

Finding a dream home at a dream price isn’t always a walk in the park. Here’s the scoop on the practical aspects you must consider when hunting for affordable homes in Airdrie.

1. Understanding the Property Market

Getting to grips with the property market is your first task. You need to have a grasp of the big picture. You need to understand not just the current prices of properties but also the dynamics that influence these prices.

This involves looking at trends in the housing market. Are prices going up or down? How quickly do homes sell in Airdrie? What’s the difference between the listed price and the final selling price?

It’s also worth considering how external factors such as interest rates or the local economy might impact housing prices in Airdrie.

2. Assessing Your Budget and Financing Options

Before you fall head over heels for a home, take a good hard look at your finances.

Figuring out your budget isn’t just about seeing how much you have saved. It’s about how much you can afford to spend on a house each month without sacrificing your lifestyle or financial security.

A great way to start is by listing your monthly income and expenses. Once you know how much you can spare for a mortgage payment each month, you can use an online mortgage calculator to figure out how much house you can afford.

And don’t forget about financing options! There are many types of mortgages out there, and some might be a better fit for your situation than others.

Some might offer lower interest rates, while others might require smaller down payments. Do your homework to see what’s out there.

3. Prioritizing Features and Amenities

Time for some fun! What do you want in a home? A backyard big enough for summer barbecues? A kitchen worthy of a MasterChef? A garage to store all your outdoor gear? Or maybe you’re wondering, “How safe are Airdrie communities?”

Make a list of your priorities and use it as your compass in your home search.

But remember, this is about prioritizing. It’s unlikely you’ll find a house that checks every single box (unless you’re incredibly lucky), so know what’s a must-have and what’s a nice-to-have.

4. Working With a REALTOR®

Finally, consider enlisting the help of a REALTOR®. Having an expert in your corner can make the whole process smoother.

A REALTOR® can do more than show you potential homes. They can also provide the following:

  • Valuable insights into the market
  • Help you navigate the process
  • Negotiate deals
  • Prevent you from making costly mistakes

A REALTOR® can also save you time and effort by filtering out unsuitable properties and focusing on homes that meet your criteria and budget.

They can also guide you through the complexities of the purchasing process, from making an offer to finalizing the paperwork.

Maverick Group

Speaking of real estate agents, let us introduce ourselves, The Maverick Group. We are an experienced and reputable group of REALTORS® specializing in the Airdrie housing market.

Our team is dedicated to helping you navigate the maze of home buying easily and confidently.

We offer comprehensive real estate services from the initial consultation to closing the deal.

We also provide up-to-date market information, offer expert advice, and guide you through the complex process of buying a home.

How can we help you search for a perfect home, you ask?

With our deep knowledge of the local market, we’ve assembled an Airdrie neighbourhood guide for you. This will help you find the right area for your needs and budget.

Plus, we’re loaded with tips on how to live in Airdrie, making your transition to your new home a breeze.

If you’re ready to embark on your home-buying journey, connect with us today! You can visit our website or give us a call.

To Wrap It All Up

So, there you have it. A city that’s more affordable than most, with a range of neighbourhoods catering to every taste and budget.

Airdrie is where your housing dreams can come true without burning a hole in your pocket.

Whether you dream of a single-family home, an apartment, or something in between, Airdrie’s got it.

Now, close those countless tabs of housing prices on your browser, grab your favourite beverage, and let’s toast to your future home in Airdrie!

Written By
Derek Timmons, an Airdrie Realtor and owner of Maverick Group.

Derek Timmons

Derek is a top performing REALTOR® in Airdrie, Alberta, Canada. Aside from knowing the market, he uses his knowledge and experience in construction to help clients understand exactly what they're in for when buying and selling real estate.

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