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Canton real estate market overview
- Average Monthly Rent: $625
- Home Price/Value Percentage Change: 4.20%
- Median Home Value: $139,454
- Best Time To Sell a Home: December
- Affordability Index: High
- Days To Sell a House: 42
- Job Market: Weak
- Public School Ranking: 34
Location and weather
Canton is in Stark County in northeast Ohio. It's on the edge of Ohio's Amish country, 50 miles south of Lake Erie and 50 miles southeast of Cleveland. Canton is home to the Professional Football Hall of Fame; a landmark for the NFL and fans. Canton also has museums, parks, restaurants and bars, providing both residents and tourists with entertainment and an active nightlife.
Canton has gone through an urban renaissance, with a growing and thriving arts district centrally located in the downtown area. Historic buildings have been rehabilitated and converted into upscale lofts, attracting hundreds of new downtown residents into the city.
Canton summers are short, mild and warm, while the winters are freezing and mostly cloudy. The summer temperatures are in the 80's, with lows in the mid-60's. The winter temperatures are in the 30's, with lows in the 20's.
Population, job market and cost of living
Canton's population in 2023 is 69,716 with a declining rate of -0.51%.
The job growth has decreased by -5.0% over the last year and in ten years, is predicted to have increased by 22.07%. The major industries are in healthcare, social assistance, manufacturing, accommodations, and food services. The largest employers are Aultman Hospital, US Acute Care Solutions, dlhBOWLES, TimkenSteel and Universal Commerce LLC. The cost of living is low, due to the Canton real estate market and cost of available housing.
With national attractions, including the Football Hall of Fame, historic museums, a thriving downtown, outdoor parks, and low cost of living, Canton will continue evolving, attracting residents who want to be a part of this revitalized city.
Canton real estate market details
- Historic Ridgewood
- Mount Vernon
- Summit
- Whittier Park
- Cristal Park
The average monthly rent in Canton is $625 for an average apartment size of 830 sq. feet.
There has been a 4.2% increase in median home value over the last year. As of 2023, the median home value is $139,454.
On average, homes in Canton sell after 42 days on the market.
The best time to sell a home for the highest valued sale is during December. For the quickest sale, homeowners should sell in September.
The affordability index in Canton is 75. This number indicates high affordability in this city.
The top ranked public schools are Avondale Elementary School, Lake Cable Elementary School, Whipple Heights Elementary School, Ransom H Barr Elementary School and Middlebranch Elementary School. This information is based on data measuring academic performance and equity.