Range Lake, Yellowknife - August 2026 Real Estate Report

Range Lake, Yellowknife: Steady Prices, Real Numbers, No Surprises

The Vibe Right Now

If you live on a quiet street in Range Lake and you've been wondering whether your home is worth more or less than last year, here's the honest answer: prices have held their ground. No big swing up, no scary drop. The market is taking a breather, and that's not a bad thing.

Houses vs. Condos - What We're Actually Seeing

Let's break it down for us locals.

Houses in Range Lake are sitting at an average HonestDoor Price of $438,519. That number has been flat recently, tracking right along its 3-month moving average. The real story here is the rental side - estimated rent of $2,262 per month translates to a rental yield of 5.75%. That is a strong return. If you own a house here and you're not living in it, you should be running those numbers seriously. Airbnb potential comes in at around $112 per night, which ranks 7th across Yellowknife neighborhoods.

• Average HonestDoor Price (House): $438,519
• Estimated Monthly Rent: $2,262
• Rental Yield: 5.75% - strong
• Airbnb Estimate: $112 per night
• Airbnb Rank in Yellowknife: 7th

Condos in Range Lake are averaging $417,227 on the HonestDoor Price. Rent estimates come in at $2,172 per month with a rental yield of 4.00% - still moderate and worth paying attention to. The Airbnb rank for condos is actually 2nd in Yellowknife, which tells you short-term rental demand for condo-style units here is real.

• Average HonestDoor Price (Condo): $417,227
• Estimated Monthly Rent: $2,172
• Rental Yield: 4.00% - moderate
• Airbnb Estimate: $108 per night
• Airbnb Rank in Yellowknife: 2nd

How Range Lake Stacks Up Against the Neighbours

On the neighborhood leaderboard, Range Lake's growth rate currently ranks 1 out of 1 comparable neighborhoods tracked - which puts it at the bottom of that particular list. That sounds rough, but context matters. Prices haven't fallen. They've just been stable. Kam Lake is sitting slightly higher at $448,991 for houses. Yk South is close at $443,374. Yk Centre is in a completely different price bracket at over $1.1 million for houses - that's a different buyer entirely. For condos, Range Lake at $417,227 is right in the mix with Kam Lake ($417,889) and actually above Yk Centre ($411,443).

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, sometimes longer. It doesn't know what happened to comparable sales last quarter. The HonestDoor Price updates in real time, pulling in actual market signals. If your tax assessment says your home is worth $380,000 but the HonestDoor Price is showing $438,519, that gap is money sitting on the table - or at minimum, a number you need to know before you make any decision about your property. Don't let a government document from last year be the last word on what your home is worth today.

The So What - Thinking About Selling This Summer?

If you're a Range Lake homeowner eyeing a summer sale, here's the straight talk. Prices are stable, not surging. That means you're not leaving money on the table by listing now, but you're also not going to ride a wave of appreciation if you wait. Buyers are still active. A house renting at a 5.75% yield is attractive to investors, which expands your buyer pool beyond just owner-occupiers.

For condo owners, that 2nd-place Airbnb ranking in Yellowknife is a selling point you can actually put in your listing. Buyers who want income potential will notice that.

The move right now is simple - check your HonestDoor Price, compare it to what you paid and what your assessment says, and have a real conversation about timing. Stable markets reward sellers who are prepared, not sellers who are waiting for a number that may not come.

This 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.