Edmonton's real estate market continues to offer pockets of affordability in 2025, despite Alberta's growing popularity among interprovincial migrants. If you're looking to purchase a home without breaking the bank, these five neighborhoods offer the best value while maintaining good amenities and accessibility.
1. Millwoods
Millwoods remains one of Edmonton's most affordable yet well-established communities. With its diverse population and family-friendly atmosphere, this southeast neighborhood offers exceptional value.
Key highlights:
- Average home price: $350,000-$380,000 for a single-family home
- Excellent public transportation via the Valley Line LRT
- Multicultural community with diverse dining options
- Mill Woods Recreation Centre and numerous parks
- Good school options for families
The recent completion of the Valley Line LRT has improved connectivity while keeping housing prices accessible compared to other areas with similar transit access.
2. Clareview
Located in northeast Edmonton, Clareview combines affordability with great amenities and transit options.
Key highlights:
- Average home price: $320,000-$360,000 for a single-family home
- Direct LRT access to downtown
- Clareview Recreation Centre featuring a library, fitness facility, and aquatic center
- Abundance of shopping options including Manning Town Centre
- Mix of older homes and newer developments providing various price points
The neighborhood's ongoing revitalization efforts make it a smart investment for first-time homebuyers looking to build equity.
3. Ottewell
This mature neighborhood in southeast Edmonton offers established infrastructure with surprisingly reasonable housing prices.
Key highlights:
- Average home price: $370,000-$410,000 for a single-family home
- Mature trees and well-maintained parks
- Central location with easy access to downtown and Whyte Avenue
- Strong community league with year-round programming
- Excellent schools within walking distance
Many homes in Ottewell sit on larger lots than newer developments, providing excellent value for those willing to invest in some updates to older properties.
4. Calder
This historic north Edmonton neighborhood has been experiencing a quiet renaissance while maintaining affordable housing options.
Key highlights:
- Average home price: $300,000-$340,000 for a single-family home
- Character homes with renovation potential
- Growing arts community and local businesses
- Easy access to Yellowhead Trail and major commuting routes
- Grand Trunk Recreation Centre and several parks
Young professionals and first-time buyers are increasingly drawn to Calder for its affordability and growing community vibe.
5. Westmount
This centrally located neighborhood offers unexpected affordability given its proximity to downtown and 124 Street's trendy shops and restaurants.
Key highlights:
- Average home price: $380,000-$430,000 for a single-family home
- Historic character with beautiful tree-lined streets
- Walking distance to vibrant 124 Street district
- Strong community engagement and events
- Westmount Community League facilities and programming
Westmount represents an excellent opportunity to live centrally without paying downtown or Oliver prices.
What Makes These Communities Worth Considering
Each of these neighborhoods offers a combination of affordability, community amenities, and strategic location that makes them smart choices for homebuyers with budget constraints. While housing prices have increased throughout Edmonton, these communities have maintained relative affordability while offering the infrastructure and services that homeowners value.
When evaluating these neighborhoods, consider factors beyond just the purchase price, including:
- Property tax rates
- Utility costs
- Transportation expenses
- Proximity to your workplace
- Future development plans
- Community amenities that match your lifestyle
By weighing these factors alongside the purchase price, you'll find the Edmonton neighborhood that offers the best overall value for your specific needs and budget.
As Edmonton continues to grow, these affordable pockets may see appreciation that outpaces other parts of the city, making them not just affordable places to live but potentially smart investments for the future.