Canton, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Canton Neighborhoods Since 2000




Canton, NY 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 6,570, 1,571 total housing units (homes and apartments), and a median house value of $126,611, house prices in Canton are solidly below the national average.

Single-family detached homes are the single most common housing type in Canton, accounting for 51.02% of the village's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments ( 31.89%), duplexes, homes converted to apartments or other small apartment buildings ( 12.75%), and a few row houses and other attached homes ( 4.34%).

Renters dominate Canton's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

The housing in Canton was primarily built before 1939 ( 39.34%), making the housing stock in Canton some of the oldest overall in America, although there is a range of ages of homes in Canton. The next most important housing age is between 1970-1999 ( 32.69%), followed by between 1940-1969 ( 25.56%). There's also some housing in Canton built between 2000 and later ( 2.41%).

Vacant housing appears to be an issue in Canton. Fully 15.81% 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

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 8.24%, which ranks in the top 40% nationwide. This equates to an annual average Canton house appreciation rate of 0.79%.

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 1.83%, 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 -0.56%, which equates to an annual appreciation rate of -2.23%.

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

Relative to New York, our data show that Canton's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$126,611

Canton, NY HOME PRICES

Value Range
> $1,039,000 1.5
$779,001 - $1,039,000 0.9
$519,001 - $779,000 2.5
$415,001 - $519,000 0.0
$312,001 - $415,000 2.8
$208,001 - $312,000 7.8
$104,001 - $208,000 43.6
$52,001 - $104,000 25.7
$0 - $52,000 15.1

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
61.6225243173561 70.1459034792368

Number Of Homes And Apartments:
1,571

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
78.90% 3.43% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,117 / per month

Homeownership Rate

Homeownership
Owners 23.08
Renters 76.92
Vacant 15.81

Housing Market Details

 

Age of Homes

AGE OF Canton HOMES
2000 or Newer 2.4
1970 - 1999 32.7
1940 - 1969 25.6
1939 or Older 39.3

Types of Homes

TYPE OF Canton HOMES
Single-Family 51.0
Townhomes 4.3
Small Apt. Buildings 12.8
Apt. Complexes 31.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Canton HOMES
No Bedroom 0.00
1 Bedroom 23.69
2 Bedrooms 20.90
3 Bedrooms 32.96
4 Bedrooms 18.92
5 or more bedrooms 3.54