Canfield, OH—44406
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canfield, OH
As of Oct '25, the median home price in Canfield, OH is $314,000, with a year-over-year change of 5.0%. This indicates that home prices in Canfield, OH are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $314,000 | 5.0% |
| Single Family | $331,000 | 5.1% |
| Condos | $247,000 | 4.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | 4.0% |
3 Bed | $278,000 | 4.9% |
4 Bed | $440,000 | 5.8% |
| 5 Bed | $586,000 | 6.0% |
% of Housing Stock
Rental Trends — Canfield, OH
As of July '25, Rentcast reports the average rent in Canfield, OH is $1,570, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Canfield, OH is 1-bedrooms: $772, 2-bedrooms: $1,480, 3-bedrooms: $2,330. The most common rental property sizes in Canfield, OH are 2-bedroom and 3-bedroom, accounting for 46.7% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $772 |
| 2 Bed Rent | $1,100 | $1,480 |
| 3 Bed Rent | $2,500 | $2,330 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Canfield, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Canfield, OH is 46. This is a decrease of -18.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $348,000 | -9.0% |
Listing Count | 102 | 16.0% |
| Listings as % of Homes | 0.5% | 16.0% |
Days on Market | 46 | -18.0% |
Demographics — Canfield, OH
As of the latest ACS Survey released in 2023, Canfield, OH has a population of 22,300, which has increased by 2.5% over the past 5 years. Canfield, OH is a moderately popular place for families, as children make up 21.0% of the population. The area has a highly educated workforce, with 46.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,300 | 2.5% |
% Under 18 | 21.0% | 8.2% |
% Seniors | 25.2% | 9.6% |
% WFH | 13.3% | 146.3% |
% w/ College Degree | 46.6% | 6.6% |
As of the latest ACS Survey released in 2023, Canfield, OH is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Canfield, OH is asian, making up 3.4% of the population. Foreign-born residents account for 3.7% of the population in Canfield, OH, and this percentage has increased by 19.4% 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 | 89.6% | -3.0% |
% Black | 1.3% | -18.8% |
% Hispanic | 1.8% | -5.3% |
% Asian | 3.4% | 70.0% |
% Foreign Born | 3.7% | 19.4% |
Mortgage and Risk — Canfield, OH
According to HUD data as of 2023, there were 468 mortgage originations in Canfield, OH, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Canfield, OH. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 468 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Canfield, OH
Canfield, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $750 | $720 |
| 2 Bedroom | -$190 | $1,100 | $910 |
| 3 Bedroom | -$1,310 | $2,500 | $1,190 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Canfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $314,000 |
| Median Household Income | $99,500 |