Welcome to Peace River
Peace River, Alberta is a picturesque town located in the heart of Alberta's Peace Country.
It is known for its stunning landscapes, friendly community, and a high quality of life that attracts many individuals and families. From a real estate perspective, Peace River offers a diverse range of housing options, from single-family homes to condos and townhouses, which cater to a variety of budgets and lifestyle preferences.
Featured Peace River Properties
View all listings
A neighbourhood for everyone.
The real estate market in Peace River is relatively stable, with a balanced mix of buyers and sellers. The average price of a home in Peace River is lower than the national average, making it an attractive option for first-time homebuyers or those looking for affordable housing. The town also offers a good rental market for those who prefer to rent, with a variety of rental properties available at reasonable prices.
Peace River is a family-friendly town, with a strong sense of community and a plethora of amenities. The town is home to numerous schools, parks, and recreational facilities, making it an ideal place for families with children. The town also boasts a low crime rate, contributing to its reputation as a safe and secure place to live.
Market Insights
Market Activity
79
Active listings
Average Price
$321,155
Across active sale listings
Avg. Days on Market
271
Days, across active sale listings
Popular Types
House
Most common listing type
Demographic & Community Profile
Discover the people, lifestyles, and community dynamics that make Peace River unique.
Total Population
7,930
Residents
Affordability Score
61%
Based on income-to-housing cost ratio
Age Distribution
Population breakdown by age group
0–14
15–24
25–44
45–64
65+
Median Household Income
$101,000
Median rent $1,100/mo
Homeownership
Owner vs Renter distribution
Income Distribution
Household income brackets
Under $40k
$40k–$79k
$80k–$99k
$100k–$149k
$150k+
Household Composition
How households are structured
One-person
Couples
Multigenerational
Education
Highest certification attained
Bachelor's or higher
Post-secondary
High school
No certificate
Frequently Asked Questions
Is Peace River a good place to live?
Peace River offers a balanced lifestyle with strong community amenities, diverse housing options, and convenient access to essential services. The area attracts families, young professionals, and retirees seeking quality of life.
What are the best neighbourhoods in Peace River?
Peace River has diverse neighbourhoods suited to different lifestyles — family-friendly communities with top schools, walkable urban cores with amenities, and quieter residential streets. The best choice depends on your priorities like commute, lifestyle, and budget.
How much do homes cost in Peace River?
The average home price in Peace River is $321,155. Prices range significantly by neighbourhood and property type, from affordable condos to luxury detached homes.
How competitive is the housing market in Peace River?
Market competitiveness varies by season and inventory. There are currently 79 active listings. During high-demand periods properties may receive multiple offers — a local Sutton agent helps you navigate conditions.
How is commuting and transit in Peace River?
Peace River offers various transportation options including public transit, major highways, and cycling infrastructure. Commute times vary by neighbourhood, and many residents benefit from walkable areas with local amenities.