Canton, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Canton Neighborhoods Since 2000




Canton, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Canton Housing Market Information

With 10,330 people, 4,008 houses or apartments, and a median cost of homes of $362,265, 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 -1.45%, which is lower than 80% 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 1.64%, 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 -1.07%, which equates to an annual appreciation rate of -4.22%.

Notably, Canton's appreciation rate in the latest quarter is one of the lowest in America.

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:
$362,265

Canton, CT HOME PRICES

Value Range
> $1,024,000 0.0
$768,001 - $1,024,000 3.0
$512,001 - $768,000 11.9
$410,001 - $512,000 12.5
$307,001 - $410,000 22.2
$205,001 - $307,000 33.0
$103,001 - $205,000 16.2
$51,001 - $103,000 0.2
$0 - $51,000 0.9

High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
11.3324739247627 22.4852071005917

Number Of Homes And Apartments:
4,008

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.95% 1.58% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,381 / 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