Canfield, OH 44406 Real Estate Market Report
ZIP Code: 44406
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Canfield, OH, are approximately 6.25%, which is 0.38% higher than the 5.87% average observed in February 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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median sold price $349,000 is the primary indicator of market value and suggests recent transactions are pricing below the current asking level, since the median listing price $384,900 presents a meaningful spread that may require price adjustments on slower listings to align with buyer expectations; monitor price alignment to avoid extended market times.
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The market shows a neutral temperature overall with market temperature neutral, indicating balanced supply and demand; however, the long median days on market 282 points to slower sales velocity, which may reflect selective buyer activity or pricing friction rather than outright weakness in demand. balanced but slower
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Price momentum is positive with price year-over-year trend up, while rents are stable with rent year-over-year trend flat, implying modest appreciation for sellers but limited near-term upside for rental income strategies; up suggests cautious pricing confidence for sellers.
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Financing and carrying-cost pressure are a material consideration: interest rate pressure elevated and local 30-year fixed mortgage rates are reported around 6.25% (about 0.38% above a recent 5.87% reference), which may suppress buyer purchasing power and elongate negotiation timelines; elevated interest rate pressure suggests pricing discipline and buyer qualification focus are important for successful transactions.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Canfield, OH 44406 Real Estate Market Report
ZIP Code: 44406
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Canfield, OH, are approximately 6.25%, which is 0.38% higher than the 5.87% average observed in February 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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$269,450 median sold price is the primary indicator of market value and recent transactions for Canfield; with a median days on market of 324, the data points to slower sales velocity and suggests a need for precise pricing to achieve timely closings (neutral to cautious liquidity).
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The neighborhood's median price per square foot is $172, which, combined with the reported median sold price, indicates moderate price appreciation consistent with the reported up price year-over-year trend — sellers of well-positioned homes continue to realize market-level pricing.
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Median market rent of $1,100 and a rent year-over-year trend of flat imply limited near-term upside from rental growth; investors should treat rental income as stable rather than a growth driver in the short term.
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Interest rate pressure is listed as elevated and current 30-year fixed mortgage rates are approximately 6.25% (about 0.38% above the February 2026 average), which may temper buyer purchasing power and reinforce the need for realistic pricing and financing-sensitive marketing despite a neutral market temperature.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold at market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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