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 17,687, 8,046 total housing units (homes and apartments), and a median house value of $271,304, 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 64.45% of the city's housing units. Other types of housing that are prevalent in North Canton include large apartment complexes or high rise apartments ( 20.78%), duplexes, homes converted to apartments or other small apartment buildings ( 7.61%), and a few row houses and other attached homes ( 3.88%).
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 63.22% owning and 36.78% 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 ( 38.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.31%). There's also some housing in North Canton built before 1939 ( 7.82%).
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 5.74% during the period.
NeighborhoodScout's data show that during the latest twelve months, North Canton's appreciation rate, at 5.99%, has been at or slightly above the national average. In the latest quarter, North Canton's appreciation rate has been 2.98%, which annualizes to a rate of 12.45%.
Relative to Ohio, our data show that North Canton's latest annual appreciation rate is lower than 60% 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.
$271,304
for Ohio
for nation
8,046
$1,340 / per month