Real Estate Investing in Canton, Ohio (44721)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44721 (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.
- High price-to-rent: Price-to-rent ratio 26.7 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Canton, OH (44721)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 44721 Canton
This part of Stark County is not an easy win. The 44721 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 44721 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader OH picture, 44721 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 44721 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Canton's stable or hybrid ZIPs before stepping into 44721. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Canton:
Property Strategy for 44721
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $213,672 | $1,060 | 3.6% | +5.6% | $106,836 |
| 3BR | $263,596 | $1,340 | 3.7% | +7.8% | $87,865 |
| 4BR | $352,069 | $1,420 | 2.9% | +7.7% | $88,017 |
| 5BR | $449,836 | — | — | +7.2% | $89,967 |
Market Trends
Home Value History (with trend line)
📊 How Does 44721 Compare?
| Metric | 44721 | Canton | Canton-Massillon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $305,989 | $161,396 | N/A | $237,530 |
| 5-Year CAGR | 6.8% | 7.0% | N/A | 7.4% |
| Avg Rent | $954 | $1,074 | N/A | - |
| Cap Rate | 2.4% | 5.8% | - | - |
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 44721 (Canton, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,989 |
| Monthly Rent | $954 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 44721
Population: 13,722
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 44721
Schools in This ZIP Code
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 3,836 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the best play in Canton, OH?
Canton, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($306K prices, $954/mo rents) make it a reasonable choice.
How strong is the working-renter base in Canton, OH?
Tenant demand in Canton, OH is solid. The local workforce $954/mo rents across most rental classes.
How tight is the rental market in Canton, OH?
Canton, OH carries elevated vacancy risk. Expect reliable absorption at market rents of $954/mo.
Can I house hack in Canton, OH?
Canton, OH is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $306K price point reasonable to enter.
How much rent can I charge in Canton, OH?
Rents in Canton, OH run near $954/mo. Compared with median home prices of $306K that produces solid gross yields for typical rentals.
You know 44721 now. You don’t know where it ranks.
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How 44721 ranks in Canton-Massillon, OH
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