What's Happening?
The Canton-Massillon housing market has been ranked as the second-best in the United States according to the Wall Street Journal/Realtor.com's 2025 summer Housing Market Ranking report. This ranking is based on various indicators including median housing prices, economic health, and quality of life. The median home listing price in Canton-Massillon was reported at $272,950 in June. Akron, another Ohio market, was ranked 11th, down from sixth place in the spring. The report highlights the Midwest's appeal due to housing affordability, low cost of living, and climate resiliency. Eleven of the top 20 markets are located in the Midwest, suggesting a trend towards mid-sized metros for homebuyers seeking value.
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Why It's Important?
The high ranking of Canton-Massillon and other Midwest markets underscores a shift in homebuyer preferences towards regions offering affordability and quality of life. This trend could influence real estate investments and economic development in these areas, potentially attracting more businesses and residents. The Midwest's lower living costs compared to the national average make it an attractive option for those looking to purchase homes or invest in rental properties. This could lead to increased demand and growth in these markets, impacting local economies positively.
