Canton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Canton, TX Real Estate Data


Canton Housing Market Information

With 3,752 people, 1,355 houses or apartments, and a median cost of homes of $125,289, 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 78.60% of the city's housing units. Other types of housing that are prevalent in Canton include duplexes, homes converted to apartments or other small apartment buildings ( 10.67%), large apartment complexes or high rise apartments ( 4.71%), and a few mobile homes or trailers ( 4.19%).

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 57.11% owning and 42.89% renting.

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 between 1940-1969 ( 33.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.33%). There's also some housing in Canton built before 1939 ( 8.18%).

Vacant housing appears to be an issue in Canton. Fully 11.32% 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 12.93%, which ranks in the top 30% nationwide. This equates to an annual average Canton house appreciation rate of 1.22%.

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 7.59%, which is higher than appreciation rates in 89.09% 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 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Canton 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 Texas, our data show that Canton's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$125,289

Canton, TX HOME PRICES

Value Range
> $1,181,000 1.9
$885,001 - $1,181,000 0.1
$590,001 - $885,000 1.0
$472,001 - $590,000 0.0
$354,001 - $472,000 1.1
$236,001 - $354,000 7.6
$118,001 - $236,000 42.2
$59,001 - $118,000 33.3
$0 - $59,000 12.8

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
63.5006148620952 47.5728155339806

Number Of Homes And Apartments:
1,355

Rent & Ownership

 

Average Market Rent:
$1,130 / per month

Homeownership Rate

Homeownership
Owners 57.11
Renters 42.89
Vacant 11.32

Housing Market Details

 

Age of Homes

AGE OF Canton HOMES
2000 or Newer 14.3
1970 - 1999 44.4
1940 - 1969 33.0
1939 or Older 8.2

Types of Homes

TYPE OF Canton HOMES
Single-Family 78.6
Townhomes 0.0
Small Apt. Buildings 10.7
Apt. Complexes 4.7
Mobile Homes 4.2
Other 1.8

Home Size

SIZE OF Canton HOMES
No Bedroom 3.53
1 Bedroom 8.05
2 Bedrooms 29.58
3 Bedrooms 48.17
4 Bedrooms 10.21
5 or more bedrooms 0.46

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.77% 2.48% 2 6
* 10 is highest

Popular Neighborhoods in Canton

Zip Codes in Canton, TX