Canfield, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Canfield Neighborhoods Since 2000




Canfield, OH 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

Canfield Housing Market Information

With 7,355 people, 3,125 houses or apartments, and a median cost of homes of $160,084, Canfield 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 Canfield, accounting for 68.74% of the city's housing units. Other types of housing that are prevalent in Canfield include row houses and other attached homes ( 16.36%), large apartment complexes or high rise apartments ( 7.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canfield. Owner-occupied housing accounts for 78.60% of Canfield's homes, and 65.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Canfield 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 Canfield built between 1940-1969 ( 29.95%). A lesser amount of the housing stock also hails from before 1939 ( 12.42%). There's also some housing in Canfield built between 2000 and later ( 10.88%).

Canfield Home Appreciation Rates

Real estate appreciation rates in Canfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.34% during the period.

Over the last year, Canfield appreciation rates have trailed the rest of the nation. In the last twelve months, Canfield's appreciation rate has been 1.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Canfield were at 2.15%, which equates to an annual appreciation rate of 8.89%.

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

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

Average Home Values

 

Median Home Value:
$160,084

Canfield, OH HOME PRICES

Value Range
> $1,041,000 0.2
$780,001 - $1,041,000 0.3
$520,001 - $780,000 0.9
$416,001 - $520,000 4.9
$312,001 - $416,000 7.1
$208,001 - $312,000 16.3
$104,001 - $208,000 61.6
$52,001 - $104,000 8.1
$0 - $52,000 0.7

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
45.6551037149889 31.3648293963255

Number Of Homes And Apartments:
3,125

Canfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
4.79% 0.27% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 78.60
Renters 21.40
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Canfield HOMES
2000 or Newer 10.9
1970 - 1999 46.7
1940 - 1969 30.0
1939 or Older 12.4

Types of Homes

TYPE OF Canfield HOMES
Single-Family 68.7
Townhomes 16.4
Small Apt. Buildings 7.0
Apt. Complexes 7.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Canfield HOMES
No Bedroom 1.34
1 Bedroom 6.36
2 Bedrooms 22.83
3 Bedrooms 39.43
4 Bedrooms 26.48
5 or more bedrooms 3.56