Canton, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Canton, CT Real Estate Data


Canton Housing Market Information

With a population of 10,330, 4,008 total housing units (homes and apartments), and a median house value of $366,231, 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 71.84% of the town's housing units. Other types of housing that are prevalent in Canton include duplexes, homes converted to apartments or other small apartment buildings ( 13.15%), large apartment complexes or high rise apartments ( 9.10%), and a few row houses and other attached homes ( 5.92%).

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 80.44% of Canton's homes, and 59.75% 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 ( 29.02%). A lesser amount of the housing stock also hails from before 1939 ( 19.23%). There's also some housing in Canton built between 2000 and later ( 15.00%).

Canton Home Appreciation Rates

Canton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Canton during the period has been just -1.26%, which is lower than 70% of US communities.

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 2.86%, 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 0.81%, which equates to an annual appreciation rate of 3.29%.

Relative to Connecticut, our data show that Canton's latest annual appreciation rate is higher than 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$366,231

Canton, CT HOME PRICES

Value Range
> $1,036,000 0.0
$776,001 - $1,036,000 3.0
$517,001 - $776,000 11.9
$414,001 - $517,000 12.5
$310,001 - $414,000 22.2
$207,001 - $310,000 33.0
$104,001 - $207,000 16.2
$52,001 - $104,000 0.2
$0 - $52,000 0.9

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
10.9281612562991 22.4852071005917

Number Of Homes And Apartments:
4,008

Rent & Ownership

 

Average Market Rent:
$1,368 / per month

Homeownership Rate

Homeownership
Owners 80.44
Renters 19.56
Vacant 7.24

Housing Market Details

 

Age of Homes

AGE OF Canton HOMES
2000 or Newer 15.0
1970 - 1999 36.8
1940 - 1969 29.0
1939 or Older 19.2

Types of Homes

TYPE OF Canton HOMES
Single-Family 71.8
Townhomes 5.9
Small Apt. Buildings 13.1
Apt. Complexes 9.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Canton HOMES
No Bedroom 0.86
1 Bedroom 4.37
2 Bedrooms 28.42
3 Bedrooms 31.64
4 Bedrooms 28.12
5 or more bedrooms 6.60

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
32.27% 1.63% 7 4
* 10 is highest