North Canton, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North 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

North Canton Housing Market Information

With a population of 17,441, 7,248 total housing units (homes and apartments), and a median house value of $145,333, North 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 North Canton, accounting for 66.41% of the city's housing units. Other types of housing that are prevalent in North Canton include large apartment complexes or high rise apartments ( 17.05%), duplexes, homes converted to apartments or other small apartment buildings ( 10.12%), and a few row houses and other attached homes ( 4.72%).

The most prevalent building size and type in North Canton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.17% owning and 36.83% 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. North Canton's housing was primarily built during this period, from the '40s through the '60s. A full 42.87% of the city's housing hails from this era. Other housing ages represented in North Canton include homes built between 1970-1999 ( 41.46%) and housing constructed before 1939 ( 9.45%). There's also some housing in North Canton built between 2000 and later ( 6.22%).

North Canton Home Appreciation Rates

Real estate appreciation rates in North Canton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, North Canton's appreciation rate, at 3.62%, has been at or slightly above the national average. In the latest quarter, North Canton's appreciation rate has been 0.95%, which annualizes to a rate of 3.83%.

Relative to Ohio, our data show that North Canton's latest annual appreciation rate is higher than 60% 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 North Canton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North 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 North Canton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$145,333

North Canton, OH HOME PRICES

Value Range
> $1,094,000 0.1
$820,001 - $1,094,000 0.4
$547,001 - $820,000 0.3
$438,001 - $547,000 2.0
$328,001 - $438,000 1.3
$219,001 - $328,000 9.3
$109,001 - $219,000 64.7
$55,001 - $109,000 17.5
$0 - $55,000 4.4

Average for OH
Average for Nation

Value Relative to Nation Value Relative to State
51.9805461150826 40.1574803149606

Number Of Homes And Apartments:
7,248

North Canton 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
4.50% 0.26% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$978 / per month

Homeownership Rate

Homeownership
Owners 63.17
Renters 36.83
Vacant 5.82

Housing Market Details

 

Age of Homes

AGE OF North Canton HOMES
2000 or Newer 6.2
1970 - 1999 41.5
1940 - 1969 42.9
1939 or Older 9.4

Types of Homes

TYPE OF North Canton HOMES
Single-Family 66.4
Townhomes 4.7
Small Apt. Buildings 10.1
Apt. Complexes 17.0
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF North Canton HOMES
No Bedroom 0.70
1 Bedroom 11.79
2 Bedrooms 25.96
3 Bedrooms 40.05
4 Bedrooms 19.09
5 or more bedrooms 2.42