Real Estate Investing in Canton, Ohio (44706)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 44706 (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 vacancy: 12.0% of homes vacant — above national norms.
What’s happening in Canton, OH (44706)?
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Market Analysis: 44706 Canton
The 44706 ZIP covers a section of Canton that demands careful diligence. Prices near $163K look accessible, but the work to make a deal cash flow is real.
The investment case in 44706 is notable only for operators who understand what they are buying. A $163K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 44706 sits on the difficult end of the OH spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 44706 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 44706 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Canton:
Property Strategy for 44706
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $75,743 | $850 | 8.1% | +7.0% | $75,743 |
| 2BR | $95,923 | $1,090 | 8.2% | +8.4% | $47,961 |
| 3BR | $175,965 | $1,380 | 5.6% | +8.4% | $58,655 |
| 4BR | $179,796 | $1,460 | 5.8% | +8.5% | $44,949 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 44706 Compare?
| Metric | 44706 | Canton | Canton-Massillon, OH | Ohio |
|---|---|---|---|---|
| Home Value | $162,551 | $161,396 | N/A | $237,530 |
| 5-Year CAGR | 6.9% | 7.0% | N/A | 7.4% |
| Avg Rent | $1,117 | $1,074 | N/A | - |
| Cap Rate | 5.4% | 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 44706 (Canton, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $162,551 |
| Monthly Rent | $1,117 |
| Price-to-Rent | 12.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.3% |
| Cap Rate | 5.4% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (5.4%). 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 44706
Population: 16,485
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 44706
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Cedar Elementary School
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
How strong are rents in Canton, OH?
Canton, OH rentals go for roughly $1,117/mo a month. That puts gross yield in solid territory relative to $163K acquisition costs.
How expensive is real estate in Canton, OH?
Typical homes in Canton, OH go for around $163K. The 5-year CAGR of 0.0% stable price movement.
Is Canton, OH a good market for buy-and-hold investors?
The 3.0/5 investability rating in Canton, OH reflects its $163K prices and $1,117/mo rents. Investors generally consider it a solid option within OH.
Are renters plentiful in Canton, OH?
Tenant demand in Canton, OH is solid. The local workforce $1,117/mo rents across most rental classes.
Should investors worry about vacancy in Canton, OH?
Rental vacancy in Canton, OH is elevated. Investors should budget normal turnover but not chronic empty units.
You know 44706 now. You don’t know where it ranks.
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How 44706 ranks in Canton-Massillon, OH
Every ZIP in this metro, ranked. Free.
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