Real Estate Investing in North Canton, Ohio (44720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44720 (North Canton, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in North Canton, OH (44720)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44720 North Canton
On balance, ZIP 44720 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $292K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 44720 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in North Canton have seen price recovery that 44720 has not matched. Stark County data supports the view that the spread is structural rather than temporary.
Looking more closely, 39,656 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 44720 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in North Canton:
Property Strategy for 44720
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $212,805 | $1,210 | 4.1% | +6.8% | $106,402 |
| 3BR | $252,160 | $1,520 | 4.3% | +7.5% | $84,053 |
| 4BR | $346,780 | $1,620 | 3.4% | +7.2% | $86,695 |
| 5BR | $477,633 | — | — | +7.3% | $95,527 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44720 Compare?
| Metric | 44720 | North Canton | Canton-Massillon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $291,906 | $291,906 | N/A | $237,530 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $1,518 | $1,518 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 44720 (North Canton, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $291,906 |
| Monthly Rent | $1,518 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 44720
Population: 39,656
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 44720
Schools in This ZIP Code
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Green Middle School
Greenwood Early Learning Center
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,937 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider North Canton, OH?
Our data puts North Canton, OH at 3.0/5 for investability. Home prices of $292K and rents around $1,518/mo create a solid backdrop for investor activity.
What is the best play in North Canton, OH?
A careful cash-flow rentals with hands-on management strategy North Canton, OH best. The market produces steady results for that approach at the $292K price point.
What is the average monthly rent in North Canton, OH?
Rental rates in North Canton, OH average $1,518/mo. Tenant demand and $292K home values make the yield look reasonable by investor standards.
Should investors worry about vacancy in North Canton, OH?
Expect elevated vacancy in North Canton, OH. Rents at $1,518/mo are absorbed by the tenant base without meaningful lag.
What is the typical home price in North Canton, OH?
North Canton, OH median home values land near $292K. That is reasonable territory for investors looking at $1,518/mo-per-month rentals.
You know 44720 now. You don’t know where it ranks.
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How 44720 ranks in Canton-Massillon, OH
Every ZIP in this metro, ranked. Free.
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