Canton appreciation rates and housing market information
Canton housing market information
With a population of 10,300, 4,150 total housing units (homes and apartments), and a median house value of $292,578, real estate costs in Canton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.
Single-family detached homes are the single most common housing type in Canton, accounting for 72.69% of the town's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments (11.54%), duplexes, homes converted to apartments or other small apartment buildings (10.12%), and a few row houses and other attached homes (5.00%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canton. Owner-occupied housing accounts for 81.68% of Canton's homes, and 64.70% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Canton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Canton built between 1940-1969 (29.89%). A lesser amount of the housing stock also hails from before 1939 (18.76%). There's also some housing in Canton built between 2000 and later (16.59%).
Canton home appreciation rates
In the last 10 years, Canton has experienced some of the highest home appreciation rates of any community in the nation. Canton real estate appreciated 41.80% over the last ten years, which is an average annual home appreciation rate of 3.55%, putting Canton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Canton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Canton real estate has held its value better than most communities. Looking at the latest twelve months, Canton appreciation rates are some of the most stable in America, at 0.45%, which is higher than appreciation rates in 76.61% of the cities and towns in the nation. Based on the last twelve months, Canton appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.82%.
Importantly, this makes Canton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Connecticut, our data show that Canton's latest annual appreciation rate is higher than 90% of the other cities and towns in Connecticut.