Canton appreciation rates and housing market information
Canton housing market information
With a population of 10,328, 4,150 total housing units (homes and apartments), and a median house value of $291,618, 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 72.31% of the town's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments (11.15%), duplexes, homes converted to apartments or other small apartment buildings (10.35%), and a few row houses and other attached homes (5.66%).
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 62.42% 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 (31.50%). A lesser amount of the housing stock also hails from before 1939 (20.12%). There's also some housing in Canton built between 2000 and later (15.54%).
Canton home appreciation rates
Appreciation rates for homes in Canton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 23.49%, which ranks in the top 40% nationwide. This equates to an annual average Canton house appreciation rate of 2.13%.
Over the last year, Canton appreciation rates have trailed the rest of the nation. In the last twelve months, Canton's appreciation rate has been 0.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Canton were at 0.14%, which equates to an annual appreciation rate of 0.55%.
Relative to Connecticut, our data show that Canton's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.