Photo: Nathan Schneider, aka Schnits at en.wikipedia · CC BY-SA 3.0A newly built town: 56% of the homes in Penhold date from 2001 or later (Alberta’s towns: 24%)
Census values for 2021: a median of $300,000 and an average of $300,500. Statistics Canada’s housing statistics carry no sale prices in Alberta; the census value stands in for Penhold. On the 2024 assessment, the middle residential property is valued at $285,000.
What Penhold’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 census asks owners what their home would sell for, so the values are estimates from May 2021.
median, owners’ estimate
- Average
- $301K
- Owners
- 1,060
- 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 roll, 77% of Penhold’s properties are detached houses
The 2024 assessment roll counts 1,285 homes in Penhold, detached houses 77% of them.
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.
The homes of Penhold, by period and type
The 2021 census counted 1,325 occupied homes in Penhold; 69% of them are single-detached houses.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Penhold | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 5% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 3% | 4% | 3% |
| Households in core housing need | 3% | 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.
Building ahead of Alberta’s towns: 10.7 new homes a year per 1,000 in Penhold, against 7.5
Over 2018–2023, 102 homes were permitted in Penhold, close to 17 each year. Single-unit buildings took 58% of them, where Alberta’s towns built 69%.
The busiest year: 2018, with 31 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.
Penhold is cheaper than most of Alberta’s towns: 25% under their $400,000 median
The census values of Alberta’s towns, 478 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Penhold’s neighbours by home value
The places around Penhold at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Penhold | $300K | $301K | 80% | |
| Red Deer County | $496K | $529K | 88% | 4.5 |
| Innisfail | $300K | $305K | 70% | 14.3 |
| Red Deer | $340K | $355K | 65% | 15.8 |
Census 2021 values; km.
Questions about property prices in Penhold
How many households in Penhold are in core housing need?
Below the norm for Alberta’s towns (8%): 3% in Penhold, counting the households whose home falls short on cost, size or repair.
Is Penhold expensive for Alberta?
Below the norm for Alberta’s towns, whose median home is worth $400,000; Penhold’s is worth less.
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).