Spirit River, Alberta
As of September 26, 2026, the median asking price in Spirit River is $214,950, across 6 active MLS® listings.
Those listings have been on the market an average of 65 days.
2 new listings came to market in Spirit River in the last 30 days.
Asking prices work out to about $173 per square foot, based on the 6 listings that report floor area.
Spirit River is the village’s primary residential area, characterized by low-density housing (detached homes, duplexes, a few small apartment buildings) with a quiet small-town feel. Demographics skew toward families, local service workers, and trades tied to agriculture and regional energy/industrial activity, with affordability and space being key draws. Day-to-day amenities are concentrated along the village’s main commercial corridor (groceries/convenience retail, restaurants, basic services), and most errands are a short drive or walk from within the neighbourhood.
Schools and recreation are core anchors for residents (local K–12 options in town/nearby and community sport/recreation facilities), while healthcare and specialized shopping typically require trips to larger regional centres. Transit is essentially car-dependent (no urban rapid transit; limited regional options), which shapes tenant demand toward households seeking parking, yards, and practical layouts. Real estate trends tend to be stable but low-volatility: prices are comparatively low, turnover is modest, and rental demand is driven more by local employment cycles than by in-migration. For investors, the opportunity is mainly yield-based (better rent-to-price ratios than big cities) rather than strong appreciation, with the key risks being thinner liquidity, smaller tenant pools, and economic sensitivity to regional employers.
Walk Score 44 · Bike Score 36
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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