Photo: AndrewEnns · CC BY-SA 3.0Owners in Okanagan Falls value their homes 23% below the median of British Columbia’s towns
In figures: $552,000 for the median home in 2021, $720,000 for the middle of British Columbia’s towns. Keep in mind these are owners’ estimates from the 2021 census, not recorded sales. Statistics Canada counted 95 buyers in 2023, paying a median $726,000.
Three ways to price a home in Okanagan Falls
Each source sits beside its own median for British Columbia’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $661K
- Owners
- 1,585
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $790K
- ÷ buyers’ income
- 5.1×
- Buyers
- 95
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
Okanagan Falls’s houses carry assessments 81% higher than its condos
Assessors listed 1,765 residential properties in Okanagan Falls for 2024, 75% of them detached houses and 6% condos.
Median assessment by type, 2024 the tick is the median of British Columbia’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 British Columbia’s towns with their own figure; assessments compare within a province only.
The homes of Okanagan Falls, by period and type
Of the 1,845 homes people lived in across Okanagan Falls at the 2021 census, 68% were single-detached houses. Half went up before 2001.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Okanagan Falls | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 9% | 10% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 2% | 4% | 3% |
| Households in core housing need | 7% | 10% | 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.
Okanagan Falls is cheaper than most of British Columbia’s towns: 23% under their $720,000 median
254 of British Columbia’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.
Lower values near Okanagan Falls: Penticton and Electoral Area C, Okanagan-Similkameen
The places around Okanagan Falls at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Okanagan Falls | $552K | $661K | 87% | |
| Electoral Area I, Okanagan-Similkameen | $750K | $894K | 90% | 3.1 |
| Penticton 1 | – | – | 89% | 13.1 |
| Penticton | $524K | $569K | 63% | 13.2 |
| Electoral Area C, Okanagan-Similkameen | $460K | $548K | 82% | 16.3 |
Census 2021 values; km.
Questions about property prices in Okanagan Falls
Is Okanagan Falls expensive for British Columbia?
No: Okanagan Falls’s census median is below the $720,000 of British Columbia’s towns.
How many households in Okanagan Falls are in core housing need?
Below the norm for British Columbia’s towns (10%): 7% in Okanagan Falls, counting the households whose home falls short on cost, size or repair.
What is the average house price in Okanagan Falls?
An average of $790,000 in 2023, with the median sale at 5.1 times the buyer’s income.
Can I see individual sales or prices by street?
No. Sales are published as town figures (median, average, buyers); street-level or single sales aren’t released.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program. 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).