Canton, OH


Highest Appreciating Canton Neighborhoods Since 2000

Canton, 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

Canton Housing Market Information

With 71,885 people, 30,220 houses or apartments, and a median cost of homes of $71,145, house prices in Canton are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Canton, accounting for 65.26% of the city's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments ( 17.20%), duplexes, homes converted to apartments or other small apartment buildings ( 14.28%), and a few row houses and other attached homes ( 3.18%).

The most prevalent building size and type in Canton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.22% owning and 52.78% renting.

The housing in Canton was primarily built before 1939 ( 41.25%), 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 1940-1969 ( 38.64%), followed by between 1970-1999 ( 16.30%). There's also some housing in Canton built between 2000 and later ( 3.81%).

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

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 -1.48%, which is lower than 80% 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 1.30%, 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 0.95%, which equates to an annual appreciation rate of 3.83%.

Relative to Ohio, our data show that Canton's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Canton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Canton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Canton real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,070,000 0.1
$802,001 - $1,070,000 0.1
$535,001 - $802,000 0.2
$428,001 - $535,000 0.1
$321,001 - $428,000 0.8
$214,001 - $321,000 2.5
$107,001 - $214,000 20.0
$53,001 - $107,000 45.6
$0 - $53,000 30.6

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
94.7790929333177 97.1128608923885

Number Of Homes And Apartments:

Canton Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
-5.26% -0.31% 1 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$873 / per month

Homeownership Rate

Owners 47.22
Renters 52.78
Vacant 15.81

Housing Market Details


Age of Homes

2000 or Newer 3.8
1970 - 1999 16.3
1940 - 1969 38.6
1939 or Older 41.2

Types of Homes

Single-Family 65.3
Townhomes 3.2
Small Apt. Buildings 14.3
Apt. Complexes 17.2
Mobile Homes 0.1
Other 0.0

Home Size

No Bedroom 3.11
1 Bedroom 13.39
2 Bedrooms 29.13
3 Bedrooms 41.79
4 Bedrooms 10.21
5 or more bedrooms 2.38