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 10,146 people, 4,221 houses or apartments, and a median cost of homes of $578,014, real estate costs in Canton are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.
Single-family detached homes are the single most common housing type in Canton, accounting for 72.95% of the town's housing units. Other types of housing that are prevalent in Canton include large apartment complexes or high rise apartments ( 14.39%), row houses and other attached homes ( 7.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.51%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canton. Owner-occupied housing accounts for 82.28% of Canton's homes, and 60.84% have either three or four bedrooms, which is average sized relative to America.
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 ( 25.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.79%). There's also some housing in Canton built before 1939 ( 16.12%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Canton, where house values have increased just 51.58%, which is annualized rate of 4.25%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
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 9.50%, which is higher than appreciation rates in 81.71% 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 3.99%, which equates to an annual appreciation rate of 16.96%.
Relative to Connecticut, our data show that Canton's latest annual appreciation rate is lower than 70% of the other cities and towns in Connecticut.
$578,014
for Connecticut
for nation
4,221
$2,629 / per month