Canton, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Canton Neighborhoods Since 2000




Canton, MA 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 a population of 22,817, 8,749 total housing units (homes and apartments), and a median house value of $490,700, 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 63.58% of the town's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments ( 23.13%), duplexes, homes converted to apartments or other small apartment buildings ( 7.43%), and a few row houses and other attached homes ( 5.86%).

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 76.46% of Canton's homes, and 59.00% 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 ( 32.90%). A lesser amount of the housing stock also hails from before 1939 ( 16.52%). There's also some housing in Canton built between 2000 and later ( 10.87%).

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 6.87%, which ranks in the top 40% nationwide. This equates to an annual average Canton house appreciation rate of 0.67%.

NeighborhoodScout's data show that during the latest twelve months, Canton's appreciation rate, at 4.09%, has been at or slightly above the national average. In the latest quarter, Canton's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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.

Average Home Values

 

Median Home Value:
$490,700

Canton, MA HOME PRICES

Value Range
> $1,151,000 1.7
$863,001 - $1,151,000 6.7
$576,001 - $863,000 25.4
$461,001 - $576,000 22.9
$346,001 - $461,000 24.5
$230,001 - $346,000 10.2
$115,001 - $230,000 5.7
$58,001 - $115,000 1.1
$0 - $58,000 2.0

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.17016289698816 24.3589743589744

Number Of Homes And Apartments:
8,749

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
55.26% 2.58% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,060 / per month

Homeownership Rate

Homeownership
Owners 76.46
Renters 23.54
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Canton HOMES
2000 or Newer 10.9
1970 - 1999 39.7
1940 - 1969 32.9
1939 or Older 16.5

Types of Homes

TYPE OF Canton HOMES
Single-Family 63.6
Townhomes 5.9
Small Apt. Buildings 7.4
Apt. Complexes 23.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Canton HOMES
No Bedroom 1.54
1 Bedroom 7.41
2 Bedrooms 25.68
3 Bedrooms 35.95
4 Bedrooms 23.05
5 or more bedrooms 6.38