Canton, Ohio Housing Market Prices
Canton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 9% below the Ohio median$126,233
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Median rent 18% below the Ohio median$847
Housing Market Overview
| Metric | Canton | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,233 | $139,044 | $248,835 |
| Price Trend (Annual %) | 13.4% | 6.7% | 7.5% |
| Median Gross Rent | $847 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Canton is about 9% lower than in Ohio. Rent is about 18% lower than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Canton, up about 13.4% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Canton rose about 40.2% between 2015 and 2024, from $605 to $847. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 2.8 yearly household incomes in Canton.
Buying the median-priced home in Canton costs roughly 12.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Canton. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Canton | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,233 | $139,044 | $248,835 |
| Median Household Income | $45,803 | $71,509 | $80,455 |
| Price-to-Income Ratio | 2.8 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Canton rose about 111.1%, while median household income rose about 41.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Canton | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.8% | 61.7% | 58.5% |
| Rental Rate | 42.3% | 30.1% | 31.2% |
| Vacancy Rate | 12.9% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Canton has a homeownership rate of 44.8%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 12.9%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Canton | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1952 | 1970 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Canton was built around 1952. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Canton, Ohio.
What is the median home price in Canton, Ohio?
The median home price in Canton, Ohio is $126,233, lower than the Ohio average of $139,044.
What is the average home price in Canton, Ohio?
The typical home price in Canton, Ohio, reported as the median sale price, is $126,233. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Canton, Ohio?
The median gross rent in Canton, Ohio is $847 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Canton in 2020?
In 2020, the median gross rent in Canton, Ohio was $707 per month.
What is the price-to-rent ratio in Canton, Ohio?
The price-to-rent ratio in Canton, Ohio is about 12.4, meaning it would take roughly 12.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Canton.
Are home prices or rent rising faster in Canton, Ohio?
Both home prices and rent are rising in Canton, up about 13.4% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Canton, Ohio?
44.8% of households in Canton, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Canton, Ohio?
The housing vacancy rate in Canton, Ohio is 12.9%, higher than the Ohio average of 8.1%.
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