Canton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Canton, TX 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 3,752 people, 1,406 houses or apartments, and a median cost of homes of $117,138, 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 83.12% 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 ( 8.13%), large apartment complexes or high rise apartments ( 3.54%), and a few mobile homes or trailers ( 3.17%).

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 61.40% owning and 38.60% 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. Canton's housing was primarily built during this period, from the '40s through the '60s. A full 39.17% of the city's housing hails from this era. Other housing ages represented in Canton include homes built between 1970-1999 ( 36.44%) and housing constructed between 2000 and later ( 16.57%). There's also some housing in Canton built before 1939 ( 7.82%).

Vacant housing appears to be an issue in Canton. Fully 12.73% 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 13.29%, which ranks in the top 30% nationwide. This equates to an annual average Canton house appreciation rate of 1.26%.

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 3.08%, 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 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Canton's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$117,138

Canton, TX HOME PRICES

Value Range
> $1,122,000 2.1
$841,001 - $1,122,000 0.0
$561,001 - $841,000 2.0
$449,001 - $561,000 0.9
$336,001 - $449,000 0.7
$224,001 - $336,000 8.9
$112,001 - $224,000 37.7
$56,001 - $112,000 31.3
$0 - $56,000 16.4

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
67.1217625688503 50.875486381323

Number Of Homes And Apartments:
1,406

Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
51.35% 2.43% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,139 / per month

Homeownership Rate

Homeownership
Owners 61.40
Renters 38.60
Vacant 12.73

Housing Market Details

 

Age of Homes

AGE OF Canton HOMES
2000 or Newer 16.6
1970 - 1999 36.4
1940 - 1969 39.2
1939 or Older 7.8

Types of Homes

TYPE OF Canton HOMES
Single-Family 83.1
Townhomes 0.0
Small Apt. Buildings 8.1
Apt. Complexes 3.5
Mobile Homes 3.2
Other 2.0

Home Size

SIZE OF Canton HOMES
No Bedroom 1.74
1 Bedroom 6.64
2 Bedrooms 29.30
3 Bedrooms 49.16
4 Bedrooms 12.66
5 or more bedrooms 0.50

Popular Neighborhoods in Canton

Zip Codes in Canton, TX