Photo: The Heliotype Co. Ltd.: Publisher · Public domainThe middle home in Lacombe is valued at $340,000
3,730 owner households answered the census question on value in 2021. For Lacombe there is no published sale price, as for every town in Alberta. The 2024 property assessment puts the median residential property at $312,000.
What Lacombe’s homes are worth, two ways
Each source sits beside its own median for Alberta’s towns; none compares across provinces, which value homes in their own ways. The values date from May 2021 and are what owners thought their homes were worth, not sale prices.
median, owners’ estimate
- Average
- $348K
- Owners
- 3,730
- 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).
Lacombe’s houses carry assessments 89% higher than its condos
The 2024 assessment roll counts 4,785 homes in Lacombe: detached houses make 73% of them, condos 2%.
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.
A younger stock than most: 39% of Lacombe’s homes went up after 2000 (Alberta’s towns: 24%)
At the 2021 census, 63% of Lacombe’s 5,195 occupied homes were single-detached houses.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Lacombe | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 9% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 7% | 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.
13.9 new homes a year per 1,000 in Lacombe: more than Alberta’s towns (7.5)
Lacombe issued permits for 458 new homes from 2018 to 2023, or about 76 a year. The mix: 30% in single-unit buildings, beside 69% for Alberta’s towns.
Most in 2022: 134 new homes
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.
Lacombe is 15% below the $400,000 median of Alberta’s towns
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 Lacombe
The places around Lacombe at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Lacombe | $340K | $348K | 72% | |
| Lacombe County | $448K | $526K | 86% | 4.2 |
| Blackfalds | $332K | $337K | 78% | 10.6 |
Census 2021 values; km.
Questions about property prices in Lacombe
Is Lacombe expensive for Alberta?
On census values, Lacombe sits among the cheaper of Alberta’s towns (median $400,000).
How many households in Lacombe are in core housing need?
In Lacombe, 7% of households are in core housing need, close to the 8% of Alberta’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
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).