Canton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Canton Neighborhoods Since 2000




Canton, NC 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 4,190, 1,802 total housing units (homes and apartments), and a median house value of $144,394, Canton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Canton, accounting for 74.89% 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 ( 16.39%), mobile homes or trailers ( 5.40%), and a few large apartment complexes or high rise apartments ( 2.61%).

The most prevalent building size and type in Canton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.15% owning and 38.85% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Canton's housing was primarily built during this period, from the '40s through the '60s. A full 40.08% of the town's housing hails from this era. Other housing ages represented in Canton include homes built before 1939 ( 31.31%) and housing constructed between 1970-1999 ( 23.07%). There's also some housing in Canton built between 2000 and later ( 5.54%).

Vacant housing appears to be an issue in Canton. Fully 14.64% of the housing stock is classified as vacant. Left unchecked, vacant Canton homes and apartments can be a drag on the real estate market, holding Canton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 -1.31%, 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 1.87%, 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 1.50%, which equates to an annual appreciation rate of 6.15%.

Relative to North Carolina, our data show that Canton's latest annual appreciation rate is lower than 60% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$144,394

Canton, NC HOME PRICES

Value Range
> $1,050,000 0.4
$787,001 - $1,050,000 0.3
$525,001 - $787,000 0.1
$420,001 - $525,000 0.2
$315,001 - $420,000 4.3
$210,001 - $315,000 17.8
$105,001 - $210,000 47.4
$52,001 - $105,000 21.0
$0 - $52,000 8.6

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
52.548927692488 45.9165154264973

Number Of Homes And Apartments:
1,802

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
27.59% 1.42% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$840 / per month

Homeownership Rate

Homeownership
Owners 61.15
Renters 38.85
Vacant 14.64

Housing Market Details

 

Age of Homes

AGE OF Canton HOMES
2000 or Newer 5.5
1970 - 1999 23.1
1940 - 1969 40.1
1939 or Older 31.3

Types of Homes

TYPE OF Canton HOMES
Single-Family 74.9
Townhomes 0.7
Small Apt. Buildings 16.4
Apt. Complexes 2.6
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Canton HOMES
No Bedroom 1.80
1 Bedroom 13.17
2 Bedrooms 27.57
3 Bedrooms 46.47
4 Bedrooms 8.53
5 or more bedrooms 2.46