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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,195, 2,197 total housing units (homes and apartments), and a median house value of $186,011, 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 39.96% of the village's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments ( 39.70%), duplexes, homes converted to apartments or other small apartment buildings ( 19.53%).
Canton is dominated by renter-occupied one, two, or no bedrooms apartments. 79.86% of Canton's dwellings are rentals.
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 before 1939 ( 28.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.61%). There's also some housing in Canton built between 2000 and later ( 12.11%).
Real estate appreciation rates in Canton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.41% during the period.
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 12.45%, which is higher than appreciation rates in 75.55% 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 3.89%, which equates to an annual appreciation rate of 16.48%.
Relative to New York, our data show that Canton's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.
$186,011
for New york
for nation
2,197
$1,395 / per month