Fredericton Neighbourhoods

Most Fredericton neighbourhood guides will tell you which areas feel family-friendly, which are walkable, and which are quiet. That is useful, and some of them do it well. Almost none of them will tell you what a house actually costs in each one.

This page does. Below is the MLS® Home Price Index benchmark price for every sub-area in the Fredericton board region, with how each has moved over one and five years. It is real data, it is local, and as far as I can tell nobody else in this market publishes it.

Benchmark prices by area, July 2026

Sorted cheapest to most expensive. The Fredericton region as a whole sits in the middle of the list.

Source: MLS® Home Price Index, New Brunswick Real Estate Association boards, July 2026 composite benchmark. Areas with too few sales are not included in the index.

What a benchmark price is, and why it beats an average

If you look up the average price of a Fredericton home you will find answers ranging from about $380,000 to over $650,000 depending on the site. Most of those are listing averages: the average asking price of whatever happens to be posted that day, including commercial buildings, development land and the occasional multi-million-dollar estate. One outlier drags the whole number up and nothing corrects it.

A benchmark price works differently. It models a typical home for that area — typical size, age, lot, condition — and tracks what that same home would sell for over time. It is deliberately built to ignore the outliers that wreck an average. When you compare $548,800 in the Hanwell Area against $281,800 in Silverwood, you are comparing like with like, which is exactly what an average cannot do.

It is still a model, not a price tag on your house. Your specific property could sit well above or below the benchmark for your area depending on condition, mechanicals, lot and timing. Use these numbers to understand the shape of the market, then get a real opinion on the actual house.

The spread is bigger than most people expect

From $201,100 to $548,800 — the most expensive area benchmarks at 2.7 times the cheapest, and both sit inside the same board region, within a reasonable drive of the same downtown.

That gap matters more than any single average, because it is the actual decision most buyers are making. It is the difference between stretching for a house in Hanwell and buying comfortably in Silverwood, and the difference between a mortgage that fits and one that does not. If you are moving here from away and working off a single “Fredericton average”, you are almost certainly looking at the wrong houses.

Worth noting what the top of the list has in common. The Hanwell Area, Woodstock Road / Hanwell Road West, Rusagonis, Lincoln Road and Kingsclear all benchmark above $460,000. Those are the larger-lot, newer-build, commuter-belt areas. Space costs money here, same as anywhere.

The cheapest areas have appreciated the most

This is the most striking thing in the table, and it runs against what most people assume.

Over five years, Grand Lake / Chipman / Minto is up 103.5% and Harvey / McAdam 94.6%. The Fredericton region over the same period is up 48.6%. The two cheapest areas on the list roughly doubled while the city itself went up about half.

Three honest qualifiers before anyone reads too much into that:

• A big percentage on a small base is a smaller dollar gain. Grand Lake going from roughly $99,000 to $201,100 is about $102,000. The Hanwell Area going from $367,100 to $548,800 is about $182,000 — a much lower percentage and considerably more money.
• These are thin markets. Fewer sales means the index moves more on less. It excludes areas with too few sales altogether, so these figures clear that bar, but a small market is still a volatile one.
• Past appreciation is not a forecast. Most of this run reflects a specific period when remote work and cheap borrowing pushed buyers well outside the city. Neither of those conditions is what it was.

What it does tell you is real: the rural bid around Fredericton was not a rumour, and if you own something outside the city you may be sitting on more than you think.

Two areas have gone quiet this year

Geary and Rusagonis both came in at +1.8% over twelve months against the region’s +5.9%. Rusagonis is also down 2.5% over three months and 1.8% over six.

That is not a crash and it is not a reason to avoid either place. But if you own in one of them, the market is telling you something about pricing, and a listing that assumes region-wide growth is likely to sit. At the other end, Downtown at +6.8% and New Maryland at +6.4% are running ahead of the region.

Choosing by budget

A practical way to use this table is to start from what you can actually borrow and work inward.

Under $300,000. Silverwood is the closest option to the city at $281,800. Beyond that you are looking outside Fredericton proper — Geary, Gagetown, Jemseg, Fredericton Junction, Harvey. Expect longer commutes, and expect wells and septic systems rather than municipal services, which changes what your inspection needs to cover.

$350,000 to $450,000. The broadest band, and where most Fredericton buyers land. The Hill Area, Skyline Acres and Southwood Park, Downtown, Oromocto, New Maryland and Mazerolle Settlement all sit here. Very different lifestyles at similar money, which is exactly why the character of a neighbourhood matters more than the price at this level.

$450,000 and up. Burton, Kingsclear, Lincoln Road, Rusagonis, Woodstock Road / Hanwell Road West and the Hanwell Area. Generally larger lots, newer construction, and a drive to most things.

Buying near CFB Gagetown? Oromocto benchmarks at $431,700, Burton at $453,100, Geary at $288,200 and Gagetown at $257,000 — a wide range for areas all within a short drive of the Base. There is more room to manoeuvre on a posting than most people realise.

A caveat about these area names

These are the real estate board’s sub-areas, not the names Frederictonians use over coffee, and the two do not line up perfectly.

Skyline Acres and Southwood Park are reported together as one area, so they cannot be separated here. Several familiar Northside names — Nashwaaksis, Devon, Marysville, Barker’s Point — do not appear as their own sub-areas in this index at all, so I have not invented figures for them. And some entries, like Grand Lake and Harvey, are well outside the city and are grouped into the region for reporting purposes.

I would rather show you exactly what the data covers than quietly stretch it to fit the map in your head. If the area you care about is not broken out above, that is worth a conversation rather than a guess — I can look at recent comparable sales on specific streets, which is a better answer for one house than any index.

What these numbers cannot tell you

A benchmark price will not tell you which streets flood in a spring freshet, which blocks get the afternoon sun, where the school catchment line actually runs, how long the bridge takes at 8am in February, or which 1970s subdivision has aluminum wiring behind the walls.

I spent decades in construction before I sold real estate, and that is the part I am most useful for. The number tells you what a typical house in an area is worth. Walking the property tells you whether this house is worth it.

Ask me about a specific neighbourhood

If you have narrowed it down to two or three areas and want to know what your money actually buys in each, call or text me at (506) 261-7373. I answer my own phone. I will pull the recent comparable sales for the specific streets you are looking at, at no cost and no obligation.

If you are selling, the benchmark for your area is the starting point rather than the answer — see what your home is worth and how I handle listings. If you are buying, start with buying a home in Fredericton, which covers the costs and the property tax trap most buyers miss. More answers on the Fredericton real estate FAQ.

Last updated 29 August 2026. Figures: MLS® Home Price Index composite benchmark, New Brunswick Real Estate Association boards, July 2026. Refreshed quarterly.

Rob Hamel, REALTOR® — Hamel Realty Group, EXIT Realty Advantage, 461 St Marys St, Fredericton, NB E3A 8H4. Licence 190089799. Call or text (506) 261-7373.