Photo: Dennis G. Jarvis · CC BY-SA 2.0Core housing need reaches 13% of Three Rivers’s households, where Prince Edward Island’s towns sit at 5%
In May 2021 the median owned home was worth $250,000 by its owner’s reckoning, the average one $265,600. Those values come from owners at the 2021 census and predate the prices of the years since. What homes sold for in Three Rivers isn’t public: no sale figures are released on Prince Edward Island.
Two ways to price a home in Three Rivers
Each source sits beside its own median for Prince Edward Island’s towns; none compares across provinces, which value homes in their own ways.
median, owners’ estimate
- Average
- $266K
- Owners
- 2,355
- Prince Edward Island’s towns
- $288K
- The typical Canadian town
- $406K
all residential
- Prince Edward Island’s towns
- $159K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
A detached house in Three Rivers is assessed 19% lower than across Prince Edward Island’s towns
The 2024 assessment roll counts 3,575 homes in Three Rivers, detached houses 81% of them.
Median assessment by type, 2024 the tick is the median of Prince Edward Island’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 Prince Edward Island’s towns with their own figure; assessments compare within a province only.
More homes in poor repair than most: 10% in Three Rivers (Prince Edward Island’s towns: 7%)
Of the 3,280 homes people lived in across Three Rivers at the 2021 census, 74% were single-detached houses. Half or more were standing by 1980.
Homes by period of construction the tick is the median of Prince Edward Island’s towns
Homes by kind
| Three Rivers | Prince Edward Island | Canada | |
|---|---|---|---|
| Condominiums | 2% | 1% | 8% |
| Needing major repairs | 10% | 7% | 6% |
| Too small for the household | 3% | 3% | 3% |
| Households in core housing need | 13% | 5% | 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.
Three Rivers is cheaper than most of Prince Edward Island’s towns: 13% under their $288,000 median
12 of Prince Edward Island’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 Three Rivers: Murray River, Part 1, Belfast and Morell
Next to Three Rivers: 2021 census values and the share of owners. The nearest places to Three Rivers with figures are 16–27 km away.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Three Rivers | $250K | $266K | 73% | |
| Murray River, Part 1 | $224K | $306K | 94% | 15.7 |
| Vernon River | $250K | $287K | 92% | 20.9 |
| Belfast | $232K | $256K | 92% | 24.3 |
| Morell | $224K | $251K | 93% | 25.6 |
| East River, Part 1 | $250K | $292K | 93% | 27.3 |
Census 2021 values; km.
Questions about property prices in Three Rivers
Is Three Rivers expensive for Prince Edward Island?
Cheaper than the middle: Prince Edward Island’s towns come to $288,000, Three Rivers to less.
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).