Millar Addition, Prince George - October 2026 Real Estate Report
Millar Addition, Prince George: What Your Home Is Actually Worth Right Now
The Vibe in Millar Addition
If you own a place in Millar Addition and you haven't checked your HonestDoor Price lately, here's the honest truth - your city assessment is already behind. The market is moving, and the number on your tax notice isn't keeping up.
Let's break it down by property type, because houses and condos are telling two different stories right now.
Houses: Holding Steady, But Watch the Trend
The average house in Millar Addition carries a city-assessed value of $393,863. But the HonestDoor Price - the real-world number based on current market activity - sits at $402,091. That's a gap of roughly $8,200 that your assessment is leaving on the table.
Here's the part we need to be straight about: the 3-month moving average for houses is $406,634, and the current predicted value of $402,270 is sitting below that. Values have shifted -1.59% recently, and on the neighbourhood growth leaderboard, Millar Addition houses rank 29 out of 31 in Prince George. That puts us near the bottom of the pack for growth right now. The market isn't crashing - it's taking a breather - but sellers should know that.
- Average assessed value (houses): $393,863
- HonestDoor Price: $402,091 (up 0.20% from last period)
- Predicted market value: $402,270
- 3-month moving average: $406,634
- Recent value change: -1.59%
- Growth rank: 29 out of 31 neighbourhoods in Prince George
- Rental estimate: $2,050/month
- Rental yield: 5.80% - that's a strong return
- Airbnb estimate: $102/night
- Properties assessed: 628
That 5.80% rental yield is genuinely good news for anyone holding a house here as an investment. If selling isn't the plan, renting it out pencils out well.
Condos: A Brighter Spot
Condos in Millar Addition are a different story. The HonestDoor Price on condos is $236,844, but the predicted market value is already climbing to $254,221 - and it's moving up, sitting above the 3-month moving average of $249,464. That's a positive signal. Values have changed by +2.86% recently, and condos rank 19 out of 30 neighbourhoods - below average, but nowhere near the bottom like houses.
- Average assessed value (condos): $233,470
- HonestDoor Price: $236,844 (down 6.84% from last period - worth watching)
- Predicted market value: $254,221
- 3-month moving average: $249,464
- Recent value change: +2.86%
- Growth rank: 19 out of 30 neighbourhoods in Prince George
- Rental estimate: $1,267/month
- Rental yield: 4.22% - moderate but decent
- Airbnb estimate: $63/night
- Properties assessed: 254
One flag for condo owners: the HonestDoor Price dropped 6.84% from the previous period. The predicted value is higher, but that period-over-period dip is something to keep an eye on. Don't ignore it.
The Secret Sauce: Why Your HonestDoor Price Matters More Than Your Tax Assessment
Here's the thing about your city assessment - it's a snapshot from months ago, built on old data, and it doesn't update when the market shifts. It's like checking last year's weather forecast to decide what to wear today.
The HonestDoor Price pulls from current market signals. For houses in Millar Addition, it's already $8,228 higher than the city's number. For condos, the predicted market value is running $20,751 ahead of the assessed value. If you're making any financial decision - refinancing, selling, even just understanding your net worth - the HonestDoor Price is the number that actually reflects today's reality.
The city assessment ranks Millar Addition condos at number 2 in Prince George for average assessed value. But the real market is more nuanced than that single number. That's exactly why checking your HonestDoor Price right now - not at next year's assessment - gives us a real edge.
The "So What?" - Thinking About Selling This Summer?
If you're a house owner in Millar Addition and you're thinking about listing this summer, here's the straight talk: the window is open, but it's not wide open. Values are slightly off their 3-month peak, and we're ranked near the bottom of Prince George neighbourhoods for growth. That doesn't mean don't sell - it means price it right from day one. Overpricing a house in a slow-growth neighbourhood is the fastest way to sit on the market.
For context, look at what's around us. Downtown Prince George houses are averaging a HonestDoor Price of $701,903 - nearly double Millar Addition - but growing slower at -0.02%. South Fort George is cheaper at $335,354 but growing faster at 0.04%. We're sitting in the middle of the pack on price, and buyers know their options.
If you own a condo and you're thinking about selling, the momentum is slightly better. Values are trending up toward that $254,221 mark, and the rental yield of 4.22% means investors are paying attention. That's a real buyer pool.
Bottom line: check your HonestDoor Price before you call an agent, before you set a list price, and before you assume your tax assessment tells the whole story. It doesn't. The real number is the one the market is actually willing to pay - and right now in Millar Addition, those two numbers are not the same.
millar addition | prince george | october 2026This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.