Southwest, Canton, OH—44706
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest, Canton, OH
As of Oct '25, the median home price in Southwest, Canton, OH is $152,000, with a year-over-year change of 6.5%. This indicates that home prices in Southwest, Canton, OH are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $152,000 | 6.5% |
| Single Family | $151,000 | 6.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $76,000 | 5.6% |
2 Bed | $96,000 | 7.9% |
3 Bed | $176,000 | 7.3% |
4 Bed | $180,000 | 7.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southwest, Canton, OH
As of July '25, Rentcast reports the average rent in Southwest, Canton, OH is $1,010, with a year-over-year rent change of -6.5%. Per bedroom, the median rent as of July '25 in Southwest, Canton, OH is 1-bedrooms: $650, 2-bedrooms: $969, 3-bedrooms: $1,090. The most common rental property sizes in Southwest, Canton, OH are 3-bedroom and 2-bedroom, accounting for 35.3% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $825 | $969 |
| 3 Bed Rent | $1,100 | $1,090 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Southwest, Canton, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest, Canton, OH is 27. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $147,000 | -27.0% |
Listing Count | 52 | 43.0% |
| Listings as % of Homes | 0.3% | 43.0% |
Days on Market | 27 | -9.0% |
Demographics — Southwest, Canton, OH
As of the latest ACS Survey released in 2023, Southwest, Canton, OH has a population of 16,500, which has decreased by -5.3% over the past 5 years. Southwest, Canton, OH is a moderately popular place for families, as children make up 21.7% of the population. The area has a poorly educated workforce, with 10.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,500 | -5.3% |
% Under 18 | 21.7% | -0.9% |
% Seniors | 19.1% | 24.0% |
% WFH | 8.1% | 326.3% |
% w/ College Degree | 10.3% | -5.5% |
As of the latest ACS Survey released in 2023, Southwest, Canton, OH is a predominantly white area, with 84.3% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Southwest, Canton, OH is black, making up 8.4% of the population. Foreign-born residents account for 0.7% of the population in Southwest, Canton, OH, and this percentage has increased by 40.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.3% | -0.8% |
% Black | 8.4% | -10.6% |
% Hispanic | 3.4% | 209.1% |
% Asian | 0.3% | 50.0% |
% Foreign Born | 0.7% | 40.0% |
Mortgage and Risk — Southwest, Canton, OH
According to HUD data as of 2023, there were 338 mortgage originations in Southwest, Canton, OH, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Southwest, Canton, OH. Investor activity is low, as 4.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 338 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Southwest, Canton, OH
Southwest, Canton, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 244 |
Total Units Section 8 | 196 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $650 | $760 |
| 2 Bedroom | $165 | $825 | $990 |
| 3 Bedroom | $140 | $1,100 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Southwest, Canton, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $152,000 |
| Median Household Income | $55,500 |