Photo: Tracklan2 · CC0Picture Butte sits 32% below Alberta’s towns on home values
The 2021 census gives $274,000 as the median value; Alberta’s towns come to $400,000. A census value is an owner’s guess at a selling price in May 2021, and prices have moved since. No open sale prices are published in Alberta, so for Picture Butte the census value is the measure.
What Picture Butte’s homes are worth, two ways
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $262K
- Owners
- 545
- 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, Picture Butte’s houses sit 13% below Alberta’s towns
The 2024 assessment roll counts 665 homes in Picture Butte, detached houses 90% 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.
Picture Butte’s homes: when they went up and what they are
At the 2021 census, 81% of Picture Butte’s 690 occupied homes were single-detached houses. Half went up before 1981.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Picture Butte | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 3% | 15% | 8% |
| Needing major repairs | 6% | 5% | 6% |
| Too small for the household | 2% | 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.
Permits in Picture Butte ran at 8.1 homes a year per 1,000, near the 7.5 of Alberta’s towns
Picture Butte issued permits for 31 new homes from 2018 to 2023, or about 5 a year. Single-unit buildings took 46%, the rest buildings of two or more, against 69% for Alberta’s towns.
Most in 2021: 10 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.
Picture Butte against Alberta’s towns: 32% under the $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.
Picture Butte’s neighbours by home value
The places around Picture Butte at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Picture Butte | $274K | $262K | 80% | |
| Lethbridge County | $500K | $564K | 78% | 3.8 |
| Coalhurst | $280K | $290K | 81% | 18.2 |
Census 2021 values; km.
Questions about property prices in Picture Butte
Is Picture Butte expensive for Alberta?
On census values, Picture Butte sits among the cheaper of Alberta’s towns (median $400,000).
How many households in Picture Butte are in core housing need?
In line with Alberta’s towns (8%): 10% in Picture Butte, counting the households whose home falls short on cost, size or repair.
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).