Photo: dfaulder · CC BY 2.0Owners in Two Hills value their homes 50% below the median of Alberta’s towns
Owners valued the median home at $200,000 in 2021, where the median of Alberta’s towns was $400,000. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch. Statistics Canada doesn’t publish sales in Alberta, so nothing here says what Two Hills’s homes actually sold for.
What Two Hills’s homes are worth, two ways
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
- $210K
- Owners
- 300
- Alberta’s towns
- $400K
- The typical Canadian town
- $406K
all residential
- Houses
- $133K
- Properties
- 570
- 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).
More need than most: 28% of households in Two Hills (Alberta’s towns: 8%)
The 2021 census counted 445 occupied homes in Two Hills; 89% of them are single-detached houses. The older half dates from before 1981.
Homes by period of construction the tick is the median of Alberta’s towns
Homes by kind
| Two Hills | Alberta | Canada | |
|---|---|---|---|
| Condominiums | 2% | 15% | 8% |
| Needing major repairs | 3% | 5% | 6% |
| Too small for the household | 7% | 4% | 3% |
| Households in core housing need | 28% | 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.
2.8 new homes a year per 1,000 in Two Hills: fewer than Alberta’s towns (7.5)
Some 1 homes a year: 5 in all were permitted in Two Hills from 2019 to 2023. Houses dominate the permits, at 100% in single-unit buildings (Alberta’s towns: 69%).
The busiest year: 2021, with 2 new homes
A year with no report is left out.
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.
Two Hills is cheaper than most of Alberta’s towns: 50% 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.
Home values around Two Hills
The places around Two Hills at the 2021 census: median and average value, and how many own. No closer places have figures: these lie 10–43 km from Two Hills.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Two Hills | $200K | $210K | 66% | |
| Two Hills County No. 21 | $280K | $290K | 89% | 9.5 |
| Minburn County No. 27 | $276K | $348K | 87% | 25.2 |
| Vegreville | $250K | $258K | 70% | 31.9 |
| St. Paul | $278K | $295K | 68% | 42.7 |
Census 2021 values; km.
Questions about property prices in Two Hills
Is Two Hills expensive for Alberta?
Cheaper than the middle: Alberta’s towns come to $400,000, Two Hills to less.
What are houses and condos assessed at in Two Hills?
Houses had a median assessment of $133,000 in 2024.
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).