North Canton, OH Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

North Canton, OH Housing Market Trends

With 17,176 people, 7,129 houses or apartments, and a median cost of homes of $181,953, 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 69.14% of the city's housing units. Other types of housing that are prevalent in North Canton include large apartment complexes or high rise apartments ( 19.59%), duplexes, homes converted to apartments or other small apartment buildings ( 5.66%), and a few row houses and other attached homes ( 4.11%).

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 60.84% owning and 39.16% renting.

There is a lot of housing in North 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 North Canton built between 1940-1969 ( 42.10%). A lesser amount of the housing stock also hails from before 1939 ( 8.55%). There's also some housing in North Canton built between 2000 and later ( 7.21%).

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 3.45% during the period.

Over the last year, North Canton appreciation rates have trailed the rest of the nation. In the last twelve months, North Canton's appreciation rate has been 8.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Canton were at 1.88%, which equates to an annual appreciation rate of 7.76%.

Notably, North Canton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that North Canton's latest annual appreciation rate is lower than 80% 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:
$181,953

North Canton, OH HOME PRICES

> $1,220,000
0.1%
0.1%
$916,001 - $1,220,000
0.2%
0.2%
$610,001 - $916,000
1.7%
1.7%
$488,001 - $610,000
2.3%
2.3%
$366,001 - $488,000
3.4%
3.4%
$244,001 - $366,000
18.7%
18.7%
$122,001 - $244,000
61.5%
61.5%
$61,001 - $122,000
9.8%
9.8%
$0 - $61,000
2.3%
2.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for OH

Value Relative To Nation

Number Of Homes And Apartments:
7,129

North Canton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
31.60% 1.29%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,073 / per month

Homeownership Rate

Owners
60.8%
60.8%
Renters
39.2%
39.2%
Vacant
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.2%
7.2%
1970 - 1999
42.1%
42.1%
1940 - 1969
42.1%
42.1%
1939 or Older
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.1%
69.1%
Townhomes
4.1%
4.1%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
19.6%
19.6%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
11.5%
11.5%
2 Bedrooms
21.3%
21.3%
3 Bedrooms
41.2%
41.2%
4 Bedrooms
20.2%
20.2%
5 or more bedrooms
3.4%
3.4%
0.0% 100.0%
% OF HOMES