Canton, OH

Population: 72,914
Average annual home appreciation rate: 3.46%
Total of homes for sale in this market:
Median home price: $73,679
Median Rent: $457 per room
Home price range: 50.92% of homes are between $48,001 – $95,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 66.66% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.21%
Number of renters: 43.62%
Number of owner occupied: 56.38%
Number people living below poverty level: 28.85%
Unemployment rate: 8.40%
Is this area perfect for real estate deals going on right now? It is clear from the data that Canton has been suffering from the same downtrend that much of the US has been in the past. Data also shows that the market appears to be making a comeback. There are some great things happening in the Canton market that make it desirable to real estate investors. Low home prices, higher rental rates, high rates of unemployment/poverty, a positive home appreciation rate, multiple vacant properties, and huge discounts on troubled/foreclosed properties. Vacant/troubled properties mean motivated sellers… The Canton market appears to be a great market to research and invest in.

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