Canton Ohio Residential Rent and Rental Statistics
The median monthly gross residential rent in Canton, OH (the Canton-Massillon metro area) was $728 in 2019 according to the Census ACS survey.1 Average gross rent in Canton was $689 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Canton median and average rent data will be released in September of 2021.
Data is also available below for Canton rental vacancy rates, Canton rent as a percent of median income and the fraction of renters in Canton.
Real Gross Rent in Canton Ohio (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Ohio Median Gross Rent | $813 | +0.25% | +2.26% |
| Canton, OH Median Gross Rent | $728 | 0.00% | -1.75% |
Canton, OH Real Gross Rent Trends
Median gross rent for Canton peaked in real terms in 2017 at $745 and is now $17 (2.28%) lower. Average gross rent for Canton peaked in real terms in 2015 at $727 and is now $38 (5.23%) lower.
Real Gross Rent in Canton: Canton OH Median, Canton OH Average, Ohio Median, US Median
Real Gross Rent History for Canton
| Date | US Median |
Ohio Median |
Canton, OH Median |
Canton, OH Average |
|---|---|---|---|---|
| 2019 | $1,097 | $813 | $728 | $689 |
| 2018 | $1,077 | $811 | $728 | $699 |
| 2017 | $1,043 | $796 | $745 | $695 |
| 2016 | $1,027 | $795 | $741 | $719 |
| 2015 | $1,017 | $791 | $729 | $727 |
| 2014 | $986 | $776 | $721 | $688 |
| 2013 | $953 | $747 | $690 | $679 |
| 2012 | $940 | $745 | $696 | $671 |
| 2011 | $941 | $747 | $700 | $676 |
| 2010 | $955 | $765 | $710 | $697 |
| 2009 | $960 | $764 | $705 | $691 |
| 2007 | $927 | $755 | $679 | $654 |
| 2005 | $910 | $766 | $711 | $661 |
Canton Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Canton Ohio was 4.88% according to Census ACS data.
Rental Vacancy Rate in Canton Ohio
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Ohio | 4.67% | -0.87% | -0.77% |
| Canton, OH | 4.88% | +0.59% | +1.46% |
Trends in Canton, OH Rental Vacancy Rate
The rental vacancy rate in Canton peaked in 2010 at 7.39%. Since then it has fallen by 2.51% to 4.88%. Data records for this series originated in 2005. From a 2017 post peak low of 1.37%, the rental vacancy rate has increased by 3.51%.
Rental Vacancy Rate: Canton OH, Ohio, US
Historical Rental Vacancy Rate data for Canton
| Date | US | Ohio | Canton, OH |
|---|---|---|---|
| 2019 | 5.97% | 4.67% | 4.88% |
| 2018 | 6.15% | 5.54% | 4.29% |
| 2017 | 6.18% | 5.62% | 1.37% |
| 2016 | 5.89% | 5.44% | 3.42% |
| 2015 | 5.85% | 5.56% | 3.69% |
| 2014 | 6.32% | 6.26% | 5.31% |
| 2013 | 6.49% | 6.15% | 6.18% |
| 2012 | 6.77% | 7.08% | 6.47% |
| 2011 | 7.40% | 7.89% | 5.95% |
| 2010 | 8.17% | 9.45% | 7.39% |
| 2009 | 8.43% | 9.17% | 6.14% |
| 2007 | 7.87% | 10.00% | 6.50% |
| 2005 | 7.74% | 10.37% | 7.07% |
Rent as a Fraction of Income
Using median household income data for Canton, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Canton, median monthly gross rent as a fraction of median household income was 15.68% in 2019 according to the ACS.
Canton Ohio Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Ohio | 16.64% | -0.41% | -0.77% |
| Canton, OH | 15.68% | -0.94% | -1.04% |
Trends in Canton, OH Rent as a Fraction of Income
The fraction of median Canton household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 18.62%. Since then it has fallen by 2.93% to 15.68%.
Fraction of Income towards Rent: Canton OH, Ohio, US
Historical Data for Annual Rent as a Fraction of Income in Canton Ohio
| Date | US | Ohio | Canton, OH |
|---|---|---|---|
| 2019 | 20.03% | 16.64% | 15.68% |
| 2018 | 20.50% | 17.04% | 16.62% |
| 2017 | 20.13% | 17.15% | 16.95% |
| 2016 | 20.43% | 17.40% | 16.72% |
| 2015 | 20.63% | 17.53% | 16.72% |
| 2014 | 20.89% | 17.89% | 17.17% |
| 2013 | 20.78% | 17.70% | 17.40% |
| 2012 | 20.65% | 17.94% | 17.38% |
| 2011 | 20.70% | 18.15% | 18.62% |
| 2010 | 20.50% | 18.23% | 17.99% |
| 2009 | 20.12% | 17.71% | 16.87% |
| 2007 | 18.66% | 16.56% | 15.46% |
| 2005 | 18.89% | 16.91% | 16.31% |
Renter Fraction in Canton Ohio
You can calculate the renter fraction in Canton in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Canton as a fraction of total Canton households. In 2019 32.27% of households were renters according to Census ACS data.
Canton Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Ohio | 33.96% | -0.17% | -0.68% |
| Canton, OH | 32.27% | +0.56% | +1.92% |
Trends in the Canton, OH Renter Fraction
The Canton household renter fraction peaked in in 2017 at 32.43% and is now 0.16% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Canton OH, Ohio, US
History of Canton Renter Fraction
| Date | US | Ohio | Canton, OH |
|---|---|---|---|
| 2019 | 35.89% | 33.96% | 32.27% |
| 2018 | 36.05% | 34.13% | 31.71% |
| 2017 | 36.13% | 34.22% | 32.43% |
| 2016 | 36.88% | 34.64% | 30.35% |
| 2015 | 36.97% | 34.59% | 30.98% |
| 2014 | 36.90% | 34.67% | 31.77% |
| 2013 | 36.50% | 33.93% | 30.34% |
| 2012 | 36.09% | 33.71% | 30.76% |
| 2011 | 35.42% | 33.02% | 29.82% |
| 2010 | 34.65% | 31.60% | 27.54% |
| 2009 | 34.13% | 31.95% | 29.90% |
| 2007 | 32.80% | 30.32% | 26.96% |
| 2005 | 33.10% | 30.06% | 27.63% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
