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  1. Home
  2. /Browse ZIP Codes
  3. /Ohio
  4. /Canton
  5. /Downtown, Canton, OH - 44703

Downtown, Canton, OH—44703

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$101,000
9.4% YoY Growth
Household Income
$32,000
17.1% YoY Growth
Days on Market
39
59.0% Longer YoY
Home Price Forecast
2.4%
Median Rent
$850
8.1% YoY Growth
1-Bed Rent
$650
1.9% YoY Growth
2-Bed Rent
$900
12.1% YoY Growth
3-Bed Rent
$1,100
10.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Downtown, Canton, OH

As of May '26, the median home price in Downtown, Canton, OH is $101,000, with a year-over-year change of 9.4%. This indicates that home prices in Downtown, Canton, OH are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$101,0009.4%
Single Family $101,0009.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$79,00011.3%
    3 Bed
    		$99,0008.8%
    4 Bed
    		$125,0006.8%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    3.3%
    1 Bedroom
    22.7%
    2 Bedrooms
    22.7%
    3 Bedrooms
    40.1%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    1.5%

    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.

    TypeMedian RentAverage 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
    Loading chart...

    % of Rental Stock

    Studio
    2.7%
    1 Bedroom
    30.5%
    2 Bedrooms
    29.8%
    3 Bedrooms
    30.3%
    4 Bedrooms
    6.8%

    Property Listings — Downtown, Canton, OH

    As of May '26, Realtor.com reports that the median days on market for a home in Downtown, Canton, OH is 39. This is a increase of 59.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$120,000-3.0%
    Listing Count
    		209.0%
    Listings as % of Homes0.5%9.0%
    Days on Market
    		3959.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		8,4704.8%
    % Under 18
    		26.0%2.0%
    % Seniors
    		10.1%-9.8%
    % WFH
    		6.3%215.0%
    % w/ College Degree
    		13.6%-2.9%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$101,000
    Median Household Income$32,000

    Downtown, Canton, OH — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Canton, OH

    44702

    Northwest, Canton, OH

    44709

    Goodyear Heights, Canton, OH

    44714

    Southeast, Canton, OH

    44704

    West Akron, Canton, OH

    44710

    Frequently Asked Questions