Photo: Qyd · CC BY 2.5Drayton Valley adds housing slowly, at 0.9 new homes a year per 1,000 (Alberta’s towns: 7.5)
In May 2021 the median owned home was worth $278,000 by its owner’s reckoning, the average one $276,400. There is no public record of sale prices in Alberta, which leaves the census value as the guide for Drayton Valley. Assessors valued the median residential property at $246,000 for 2024.
Two ways to price a home in Drayton Valley
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms. These home values were given by owners themselves, in a census taken in May 2021.
median, owners’ estimate
- Average
- $276K
- Owners
- 2,055
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
all residential
- Alberta’s towns
- $297K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Drayton Valley’s houses sit 18% below Alberta’s towns
Detached houses account for 77% of the 2,440 properties on Drayton Valley’s 2024 roll; condos for 8%.
Median assessment by type, 2024 the tick is the median of Alberta’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Alberta’s towns with their own figure; assessments compare within a province only.
Drayton Valley’s homes: when they went up and what they are
The 2021 census counted 2,895 occupied homes in Drayton Valley; 63% of them are single-detached houses. The older half dates from before 2001.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Drayton Valley | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 11% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 4% | 4% | 3% |
| Households in core housing need | 10% | 8% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
2023 was the year Drayton Valley built most: 5 new homes permitted
Over 2018–2023, 15 homes were permitted in Drayton Valley, close to 3 each year. Houses dominate the permits, at 73% in single-unit buildings (Alberta’s towns: 69%).
A year with no report is left out.
New homes a year per 1,000 homes
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Drayton Valley is cheaper than most of Alberta’s towns: 31% under their $400,000 median
478 of Alberta’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Home values around Drayton Valley
The places around Drayton Valley at the 2021 census: median and average value, and how many own. Drayton Valley has few close neighbours with figures, so the list reaches 2–77 km out.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Drayton Valley | $278K | $276K | 71% | |
| Brazeau County | $348K | $372K | 89% | 2 |
| Parkland County | $500K | $561K | 92% | 67.6 |
| Stony Plain | $352K | $369K | 73% | 73.5 |
| Lac Ste. Anne County | $348K | $375K | 92% | 74.3 |
| Wetaskiwin County No. 10 | $400K | $451K | 90% | 77 |
Census 2021 values; km.
Questions about property prices in Drayton Valley
Is Drayton Valley expensive for Alberta?
On census values, Drayton Valley sits among the cheaper of Alberta’s towns (median $400,000).
How many households in Drayton Valley are in core housing need?
About as many as elsewhere: 10% of households in Drayton Valley, where Alberta’s towns sit at 8%.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).