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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Canton, NY 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Canton, NY Housing Market Trends

With a population of 7,195, 2,197 total housing units (homes and apartments), and a median house value of $179,392, 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 39.96% of the village's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments ( 39.70%), duplexes, homes converted to apartments or other small apartment buildings ( 19.53%).

Canton is dominated by renter-occupied one, two, or no bedrooms apartments. 79.86% of Canton's dwellings are rentals.

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 before 1939 ( 28.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.61%). There's also some housing in Canton built between 2000 and later ( 12.11%).

Canton Home Appreciation Rates

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 6.02% during the period.

Appreciation rates are so strong in Canton that despite a nationwide downturn in the housing market, Canton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Canton appreciation rates continue to be some of the highest in America, at 8.56%, which is higher than appreciation rates in 90.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Canton. Canton appreciation rates in the latest quarter were at 4.61%, which equates to an annual appreciation rate of 19.76%.

Importantly, this makes Canton one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

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

Average Home Values

Median Home Value

$179,392

Canton, NY Home Prices
> $1,301,000
$976,001 - $1,301,000
$650,001 - $976,000
$520,001 - $650,000
$390,001 - $520,000
$260,001 - $390,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
0.7%
0.7%
0.0%
0.0%
1.2%
1.2%
1.8%
1.8%
2.9%
2.9%
21.2%
21.2%
38.6%
38.6%
21.4%
21.4%
12.2%
12.2%
0% 100.0%
% of Homes
Very Low

for New york

Low

for nation

Number of Homes And Apartments:

2,197

Canton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,453 / per month

Homeownership Rate

Owners
Renters
20.1%
20.1%
79.9%
79.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.3%
5.3%
94.7%
94.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.1%
12.1%
44.4%
44.4%
14.6%
14.6%
28.8%
28.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
40.0%
40.0%
0.8%
0.8%
19.5%
19.5%
39.7%
39.7%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.3%
2.3%
23.5%
23.5%
31.3%
31.3%
32.8%
32.8%
9.6%
9.6%
0.4%
0.4%
0% 100.0%
% of Homes