Fairlawn Heights, Canton, OH—44718
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairlawn Heights, Canton, OH
As of Oct '25, the median home price in Fairlawn Heights, Canton, OH is $354,000, with a year-over-year change of 6.0%. This indicates that home prices in Fairlawn Heights, Canton, OH are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 6.0% |
| Single Family | $363,000 | 5.8% |
| Condos | $244,000 | 5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $224,000 | 6.7% |
3 Bed | $299,000 | 5.7% |
4 Bed | $434,000 | 4.8% |
| 5 Bed | $627,000 | 4.2% |
% of Housing Stock
Rental Trends — Fairlawn Heights, Canton, OH
As of July '25, Rentcast reports the average rent in Fairlawn Heights, Canton, OH is $1,140, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Fairlawn Heights, Canton, OH is 1-bedrooms: $850, 2-bedrooms: $1,190. The most common rental property sizes in Fairlawn Heights, Canton, OH are 2-bedroom and 1-bedroom, accounting for 64.8% and 19.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $995 | $1,190 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairlawn Heights, Canton, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairlawn Heights, Canton, OH is 34. This is a decrease of -12.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 4.0% |
Listing Count | 54 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 34 | -12.0% |
Demographics — Fairlawn Heights, Canton, OH
As of the latest ACS Survey released in 2023, Fairlawn Heights, Canton, OH has a population of 12,800, which has increased by 7.7% over the past 5 years. Fairlawn Heights, Canton, OH is a moderately popular place for families, as children make up 19.7% of the population. The area has a moderately educated workforce, with 43.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,800 | 7.7% |
% Under 18 | 19.7% | 4.2% |
% Seniors | 23.7% | 11.3% |
% WFH | 15.0% | 400.0% |
% w/ College Degree | 43.3% | 2.4% |
As of the latest ACS Survey released in 2023, Fairlawn Heights, Canton, OH is a predominantly white area, with 88.1% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Fairlawn Heights, Canton, OH is black, making up 4.1% of the population. Foreign-born residents account for 6.1% of the population in Fairlawn Heights, Canton, OH, and this percentage has increased by 17.3% 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 | 88.1% | 0.9% |
% Black | 4.1% | -10.9% |
% Hispanic | 2.3% | -4.2% |
% Asian | 1.6% | -40.7% |
% Foreign Born | 6.1% | 17.3% |
Mortgage and Risk — Fairlawn Heights, Canton, OH
According to HUD data as of 2023, there were 168 mortgage originations in Fairlawn Heights, Canton, OH, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairlawn Heights, Canton, OH. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 168 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Fairlawn Heights, Canton, OH
Fairlawn Heights, Canton, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 155 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $850 | $760 |
| 2 Bedroom | -$15 | $995 | $980 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Fairlawn Heights, Canton, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $354,000 |
| Median Household Income | $86,200 |