Canton, CT Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Canton, CT Housing Market Trends

With 10,254 people, 4,046 houses or apartments, and a median cost of homes of $381,567, 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 71.70% 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 ( 10.58%), large apartment complexes or high rise apartments ( 9.69%), and a few row houses and other attached homes ( 8.03%).

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 78.71% of Canton's homes, and 57.59% 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 ( 30.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.60%). There's also some housing in Canton built before 1939 ( 13.31%).

Canton Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Canton, where house values have increased just 2.99%, which is annualized rate of 0.29%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 5.02%, 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 2.33%, which equates to an annual appreciation rate of 9.63%.

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.

Average Home Values

 
info

Median Home Value:
$381,567

Canton, CT HOME PRICES

> $1,107,000
0.0%
0.0%
$831,001 - $1,107,000
5.5%
5.5%
$554,001 - $831,000
11.2%
11.2%
$443,001 - $554,000
9.3%
9.3%
$332,001 - $443,000
30.8%
30.8%
$221,001 - $332,000
29.8%
29.8%
$111,001 - $221,000
11.7%
11.7%
$55,001 - $111,000
1.2%
1.2%
$0 - $55,000
0.4%
0.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CT

Value Relative To Nation

Number Of Homes And Apartments:
4,046

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
39.61% 1.60%
4
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,459 / per month

Homeownership Rate

Owners
78.7%
78.7%
Renters
21.3%
21.3%
Vacant
5.5%
5.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
16.6%
16.6%
1970 - 1999
39.4%
39.4%
1940 - 1969
30.7%
30.7%
1939 or Older
13.3%
13.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.7%
71.7%
Townhomes
8.0%
8.0%
Small Apt. Buildings
10.6%
10.6%
Apt. Complexes
9.7%
9.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
8.8%
8.8%
2 Bedrooms
27.4%
27.4%
3 Bedrooms
30.9%
30.9%
4 Bedrooms
26.7%
26.7%
5 or more bedrooms
6.2%
6.2%
0.0% 100.0%
% OF HOMES