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 4,561 people, 1,826 houses or apartments, and a median cost of homes of $231,882, 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 73.77% 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 ( 13.12%), large apartment complexes or high rise apartments ( 9.30%), and a few mobile homes or trailers ( 2.56%).
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 58.85% owning and 41.15% renting.
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 between 1940-1969 ( 28.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.48%). There's also some housing in Canton built before 1939 ( 2.06%).
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 112.41%, which ranks in the top 30% nationwide. This equates to an annual average Canton house appreciation rate of 7.82%.
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 1.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Canton were at 1.51%, which equates to an annual appreciation rate of 6.17%.
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.
$231,882
for Texas
for nation
1,826
$1,818 / per month