Canton, OH Rental Market Analysis
Updated March 2026 — Investment metrics, cap rates, rent data, and neighborhood analysis for rental property investors in Canton, Ohio.
Canton Rental Market Overview
Canton's affordable market and stable blue-collar workforce make it attractive for cash-flow investors. The Pro Football Hall of Fame drives tourism.
With a median home price of $130,000 and average monthly rents around $950, Canton offers investors a rent-to-price ratio of 0.73%. At current market conditions, a typical rental property in Canton generates an estimated cap rate of 8.8% and a cash-on-cash return of approximately 19.1% with 25% down financing at 6.5%.
Major Employers in Canton
Rental demand in Canton is supported by major employers including Aultman Hospital, TimkenSteel, Hall of Fame Village, Mercy Medical Center. These institutions provide the job base that drives consistent tenant demand for rental housing in Stark County.
Canton ZIP Codes for Investors
Key ZIP codes in the Canton metro area: 44701,44702,44703,44704,44705,44706,44707,44708,44709,44710,44714,44718,44720,44721. Each neighborhood carries different risk/return profiles — use becvio's property analysis tools to evaluate specific deals.
Analyze a Canton Rental Property
Why Invest in Canton, OH Rental Properties?
Canton stands out for rental property investors because of its exceptional cap rates averaging 8.8%, combined with solid annual appreciation of 3.6%. The $130,000 median home price makes Canton accessible for investors at various capital levels, while $950/month rents provide meaningful cash flow.
With a gross rent multiplier of 11.4x and estimated DSCR of 0.84 on conventional financing, Canton rental properties may require careful underwriting to ensure positive cash flow. Investors using becvio can track these metrics in real-time across their entire portfolio.