Downtown, Canton, OH—44703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Canton, OH
As of Oct '25, the median home price in Downtown, Canton, OH is $90,000, with a year-over-year change of 4.3%. This indicates that home prices in Downtown, 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 | $90,000 | 4.3% |
| Single Family | $90,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $71,000 | 7.6% |
3 Bed | $89,000 | 4.7% |
4 Bed | $114,000 | 5.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Canton, OH
As of July '25, Rentcast reports the average rent in Downtown, Canton, OH is $908, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Downtown, Canton, OH is studios: $608, 1-bedrooms: $636, 2-bedrooms: $916, 3-bedrooms: $1,160, 4-bedrooms: $1,350. The most common rental property sizes in Downtown, Canton, OH are 1-bedroom and 3-bedroom, accounting for 30.5% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $908 |
| Studio Rent | $550 | $608 |
| 1 Bed Rent | $650 | $636 |
| 2 Bed Rent | $900 | $916 |
| 3 Bed Rent | $1,100 | $1,160 |
| 4 Bed Rent | $1,300 | $1,350 |
% of Rental Stock
Property Listings — Downtown, Canton, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown, Canton, OH is 36. This is a decrease of -16.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $111,000 | -7.0% |
Listing Count | 25 | 37.0% |
| Listings as % of Homes | 0.5% | 37.0% |
Days on Market | 36 | -16.0% |
Demographics — Downtown, Canton, OH
As of the latest ACS Survey released in 2023, Downtown, Canton, OH has a population of 8,470, which has increased by 4.8% over the past 5 years. Downtown, Canton, OH is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,470 | 4.8% |
% Under 18 | 26.0% | 2.0% |
% Seniors | 10.1% | -9.8% |
% WFH | 6.3% | 215.0% |
% w/ College Degree | 13.6% | -2.9% |
As of the latest ACS Survey released in 2023, Downtown, Canton, OH is a predominantly white area, with 58.5% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Downtown, Canton, OH is black, making up 19.3% of the population. Foreign-born residents account for 2.0% of the population in Downtown, Canton, OH, and this percentage has decreased by 66.1% 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 | 58.5% | -1.3% |
% Black | 19.3% | -26.1% |
% Hispanic | 8.0% | -1.2% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 2.0% | -66.1% |
Mortgage and Risk — Downtown, Canton, OH
According to HUD data as of 2023, there were 140 mortgage originations in Downtown, Canton, OH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Downtown, Canton, OH. Investor activity is low, as 12.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 140 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 12.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Downtown, Canton, OH
As of 2024, the percent of homes in Downtown, Canton, OH under the Section 8 program is 13.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Downtown, Canton, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 404 |
Total Units Section 8 | 370 |
% Rentals under Section 8 | 13.2% |
% Occupied Section 8 | 69.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $650 | $720 |
| 2 Bedroom | $30 | $900 | $930 |
| 3 Bedroom | $70 | $1,100 | $1,170 |
| 4 Bedroom | -$70 | $1,300 | $1,230 |
Affordability — Downtown, Canton, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $90,000 |
| Median Household Income | $32,000 |