Photo: Ribbet32 · CC BY-SA 4.0Homes in Red Deer County are worth a median $496,000
The census of 2021 asked 5,595 owner households what their home was worth. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up. No sales are published for towns in Alberta, Red Deer County included, so owners’ values are the measure.
Two ways to price a home in Red Deer County
Every figure here is compared within the province, against Alberta’s towns, since each province assesses on its own terms.
median, owners’ estimate
- Average
- $529K
- Owners
- 5,595
- 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).
Red Deer County’s detached houses are assessed 54% above the median of Alberta’s towns
The 2024 assessment roll counts 9,095 homes in Red Deer County, detached houses 64% 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.
Red Deer County’s homes: when they went up and what they are
The 2021 census counted 7,430 occupied homes in Red Deer County; 81% of them are single-detached houses. Half went up before 2001.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Red Deer County | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 5% | 15% | 8% |
| Needing major repairs | 7% | 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.
Building ahead of Alberta’s towns: 12.9 new homes a year per 1,000 in Red Deer County, against 7.5
Red Deer County issued permits for 614 new homes from 2018 to 2023, or about 102 a year. Most were houses: 80% went into single-unit buildings, against 69% for Alberta’s towns.
A peak in 2018: 135 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.
Red Deer County is dearer than most of Alberta’s towns: 24% above 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.
Cheaper next to Red Deer County: Penhold, Red Deer and Innisfail
The places around Red Deer County at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Red Deer County | $496K | $529K | 88% | |
| Penhold | $300K | $301K | 80% | 4.5 |
| Red Deer | $340K | $355K | 65% | 11.8 |
| Innisfail | $300K | $305K | 70% | 18.3 |
Census 2021 values; km.
Questions about property prices in Red Deer County
Is Red Deer County expensive for Alberta?
Dearer than the middle: Alberta’s towns come to $400,000, Red Deer County to more.
How many households in Red Deer County are in core housing need?
About as many as elsewhere: 7% of households in Red Deer County, 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).