Photo: Rural Health Professions Action Plan from Edmonton, Alberta, Canada · CC BY 2.0For every 1,000 homes, Three Hills permitted only 1.3 new ones a year; Alberta’s towns permitted 7.5
The 2021 census put the median home at $250,000, with an average of $250,400. Treat the values as owners’ May 2021 guesses: they are self-reported, and they come from before rates went up. Sale prices aren’t published in Alberta: what owners told the census is the figure to go on for Three Hills.
Two ways to price a home in Three Hills
Two sources, each set against Alberta’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $250K
- Owners
- 805
- 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).
Three Hills’s detached houses are assessed 25% below the median of Alberta’s towns
Of Three Hills’s 1,055 residential properties on the 2024 roll, 85% are detached houses.
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.
How Three Hills’s homes break down, by age and kind
Three Hills had 1,170 occupied homes at the 2021 census, 75% of them 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
| Three Hills | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 6% | 15% | 8% |
| Needing major repairs | 5% | 5% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 4% | 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 Three Hills peaked in 2020: 2 new homes
Building permits added 7 homes in Three Hills between 2018 and 2022: some 1 a year. Houses dominate the permits, at 67% in single-unit buildings (Alberta’s towns: 69%).
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.
Three Hills against Alberta’s towns: 38% under the $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 Three Hills: Trochu
The places around Three Hills at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Three Hills | $250K | $250K | 69% | |
| Kneehill County | $300K | $353K | 86% | 2.1 |
| Trochu | $220K | $229K | 76% | 14.3 |
Census 2021 values; km.
Questions about property prices in Three Hills
How many households in Three Hills are in core housing need?
Fewer than most: 4% of households in Three Hills, where Alberta’s towns sit at 8%.
Is Three Hills expensive for Alberta?
Less than most: Alberta’s towns have a median of $400,000, and Three Hills sits below it.
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).