Northwest, Canton, OH—44709
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwest, Canton, OH
As of Oct '25, the median home price in Northwest, Canton, OH is $182,000, with a year-over-year change of 5.3%. This indicates that home prices in Northwest, Canton, OH are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 5.3% |
| Single Family | $180,000 | 5.9% |
| Condos | $239,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $144,000 | 6.7% |
3 Bed | $177,000 | 6.0% |
4 Bed | $261,000 | 5.2% |
| 5 Bed | $344,000 | 3.9% |
% of Housing Stock
Rental Trends — Northwest, Canton, OH
As of July '25, Rentcast reports the average rent in Northwest, Canton, OH is $982, with a year-over-year rent change of 0.1%. Per bedroom, the median rent as of July '25 in Northwest, Canton, OH is studios: $575, 1-bedrooms: $717, 2-bedrooms: $913, 3-bedrooms: $1,340. The most common rental property sizes in Northwest, Canton, OH are 2-bedroom and 1-bedroom, accounting for 43.0% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $982 |
| Studio Rent | $550 | $575 |
| 1 Bed Rent | $695 | $717 |
| 2 Bed Rent | $890 | $913 |
| 3 Bed Rent | $1,200 | $1,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Northwest, Canton, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwest, Canton, OH is 30. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $198,000 | -4.0% |
Listing Count | 62 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 30 | 9.0% |
Demographics — Northwest, Canton, OH
As of the latest ACS Survey released in 2023, Northwest, Canton, OH has a population of 18,900, which has decreased by -1.6% over the past 5 years. Northwest, Canton, OH is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | -1.6% |
% Under 18 | 17.7% | -0.6% |
% Seniors | 22.1% | 12.8% |
% WFH | 13.8% | 86.5% |
% w/ College Degree | 27.8% | 4.9% |
As of the latest ACS Survey released in 2023, Northwest, Canton, OH is a predominantly white area, with 74.4% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Northwest, Canton, OH is black, making up 14.6% of the population. Foreign-born residents account for 2.9% of the population in Northwest, Canton, OH, and this percentage has decreased by 39.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.4% | -8.4% |
% Black | 14.6% | 71.8% |
% Hispanic | 5.4% | -10.0% |
% Asian | 1.2% | 33.3% |
% Foreign Born | 2.9% | -39.6% |
Mortgage and Risk — Northwest, Canton, OH
According to HUD data as of 2023, there were 336 mortgage originations in Northwest, Canton, OH, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Northwest, Canton, OH. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 336 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Northwest, Canton, OH
Northwest, Canton, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 366 |
Total Units Section 8 | 177 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 73.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $25 | $695 | $720 |
| 2 Bedroom | $40 | $890 | $930 |
| 3 Bedroom | -$30 | $1,200 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Northwest, Canton, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $182,000 |
| Median Household Income | $53,100 |