What's happening with Horowhenua house prices?

Council area of Manawatu-Wanganui

Explore Horowhenua's property market for the latest trends, house prices, market cycles, rental yields, and top investment suburbs

Author: Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Reviewed by: Laine Moger

Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.

Last Updated: 24 Apr 2025

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What's happening to Horowhenua house prices?

The average price of a Horowhenua property is $558,543 (CoreLogic, February 2025).

Quick Facts

The average price of a Horowhenua property is $558,543 (CoreLogic, March 2025)
Over the last 3 months property prices in Horowhenua have gone down 0.84%
Horowhenua property prices increased 6.40% per year (on average) in the 20 years between March 2005 - March 2025 (REINZ)
The average rent in Horowhenua is $530 per week (Tenancy Services, February 2025)

How are Horowhenua property prices changing?

Horowhenua house prices soared after the Covid-19 pandemic began. House prices started out 36% below the eventual peak of the market.

Where is Horowhenua in its property cycle?

At the absolute bottom of its property cycle, Horowhenua was 28.03% undervalued.

Horowhenua suburb prices

I track the value of 10 suburbs in Horowhenua. The most expensive suburb is Ohau, which has an average house value of $897,850. While the most affordable suburb is Shannon, which has an average house value of $416,950.

Over the last 24 months of all Horowhenua suburbs (February 2023 - February 2025, Waitarere Beach had the slowest-falling house prices. They have gone down -3.86% over that period.

The suburb that fell the fastest over that period was Shannon. Property values in this suburb fell by 9.82% over those 2 years.

What is the Horowhenua rental market like?

Here's how rents are changing in Horowhenua. Over the last four years (February 2021 - February 2025) the median rent has gone up $90 a week. That's 4.76% a year (on average).

Are properties selling above or below CV in Horowhenua?

One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”

Other property markets to look into

If you found this article useful, then you might also like our analyses on the other property markets in New Zealand. You can read all about the Manawatu-Wanganui property market here.