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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 24,470 people, 9,305 houses or apartments, and a median cost of homes of $736,518, 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 Massachusetts communities.
Single-family detached homes are the single most common housing type in Canton, accounting for 61.02% of the town's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments ( 26.87%), row houses and other attached homes ( 6.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.47%).
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 75.99% of Canton's homes, and 52.81% 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 ( 31.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.60%). There's also some housing in Canton built before 1939 ( 15.27%).
Real estate appreciation rates in Canton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.82% during the period.
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 -2.10%, which equates to an annual appreciation rate of -8.14%.
Relative to Massachusetts, our data show that Canton's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Canton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Canton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Canton real estate investment or home purchase decisions.
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