Nestled in the heart of North Carolina, Canton is a place I’ve come to know as a mix of southern charm and modern conveniences.
Its scenic beauty, pleasant climate, and welcoming community have captured my attention and, increasingly, that of real estate investors and homebuyers.
In this comprehensive guide, I will take you on a journey through the real estate landscape of Canton, NC.
We’ll explore its historical and present market trends, understand the intricacies of buying and selling property here, and delve into the distinct features of its neighborhoods.
My aim is to equip you – potential investors, sellers, and residents – with a well-rounded understanding of Canton’s real estate, aiding your decision-making process.
Whether you’re a first-time homebuyer, a seasoned investor, or just a curious observer, come with me as we uncover the many layers of Canton, NC’s dynamic real estate market.
II. Canton, NC: The Setting
As I stand in the heart of Canton, North Carolina, I can’t help but appreciate the unique charm of this quaint town. Located amidst the beautiful Blue Ridge Mountains, Canton’s geography is a rich tapestry of stunning natural landscapes. The Pigeon River, a central feature of the town, brings an added allure to this already picturesque setting.
When it comes to its demographic diversity, Canton is as intriguing as its landscapes.
Home to a population of around 4,000 people, it is a blend of different age groups, professions, and cultures.
The town’s infrastructure is modern yet retains a historic charm. Canton’s downtown is a charming mix of historic architecture and modern amenities. There are local shops, restaurants, and cultural attractions.
It’s also worth mentioning that Canton was home to the Evergreen Packaging paper mill, one of the largest employers in Western North Carolina, which recently closed. The impact on the local economy and real estate market remains to be seen.
With its scenic beauty, diverse demographics, and an alluring blend of the old and new, Canton, NC offers a distinctive setting that has a significant impact on its real estate market. In the following sections, we will explore these impacts in detail.
III. A Historical Perspective of Canton Real Estate
The history of Canton’s real estate market is an interesting tale. Back in the late 19th century, Canton was a small farming town. That all changed with the arrival of a company known as Champion Paper and Fibre Company. The need for homes went up quickly.
During this early time, many homes were built in the Craftsman Bungalow and Colonial Revival styles. You can still see many of these older homes in Canton today, especially around the Downtown area. They add a lot of character to the town.
After World War II, more changes came to Canton. The town grew bigger, new areas were developed, and the number of people living here went up. The types of homes being built changed, too. We started to see more Ranch-style homes and Split-level homes.
In the past few decades, Canton’s real estate market has kept growing. The town’s steady economy has been a big help. Older homes have been kept up and made to look new again. At the same time, different types of homes have also been built.
Looking back, it’s easy to see that the real estate market in Canton has changed with the times. It has grown and changed just like the town itself. As we look at what’s happening in the market today, we’ll see that this lively spirit is still very much alive.
IV. The Canton Real Estate Market Today
Now, let’s talk about what’s happening in Canton’s real estate market today. Right now, you’ll find a variety of properties in Canton. From charming old homes to modern condos, there’s something for everyone. However, it’s currently a Seller’s market.
Homes for Sale in Canton
First, let’s look at residential properties. Many families and individuals call Canton home. They live in a mix of older, historic homes and newer ones. You’ll find single-family homes, townhouses, and condos here.
As you can see, Canton’s prices (blue line) are low relative to the prices of Haywood County as a whole.
We’ve also seen a huge decrease in the amount of inventory available in Canton.
In a healthy market, we usually see about 6 months supply of housing stock.
That’s a quick look at the current state of Canton’s real estate market. Next, we’ll take a closer look at some of the town’s neighborhoods. You’ll get a better idea of what it’s like to live in different parts of Canton.
V. Canton Neighborhoods
One of the great things about Canton is the variety of neighborhoods. Each one has its own charm. Let’s take a closer look.
A. Downtown Canton
First, there’s Downtown Canton. This area is full of life. It’s home to many local shops, restaurants, and cultural attractions. Living here, you’ll be close to all the action. The homes in this area are often older, historic buildings that have been well kept over the years.
B. Suburban Canton
Then there are the suburbs of Canton. These areas offer a quiet, family-friendly atmosphere. They’re a bit more spread out. You’ll find many single-family homes here, along with some townhouses and condos. There are also parks and schools close by, which is great for families.
C. Rural Canton
Finally, let’s talk about the more rural areas of Canton. If you prefer a slower pace and plenty of space, these areas might be for you. The homes here often have big yards. You’ll also find some farms and larger properties in these areas.
Each of these neighborhoods offers a different living experience. As you can see, Canton has a place for everyone, whether you love the hustle and bustle of downtown or the peace and quiet of the countryside.
The Future of Canton’s Real Estate Market
If you’re living in or investing in the WNC area, chance are you’ve heard about the closure of the Canton Paper Mill.
The mill, once a cornerstone of the local economy, provided jobs and contributed to the town’s growth and development for several decades (almost 10 decades, in fact).
However, recent circumstances led to its closure, leaving many residents and stakeholders concerned about the future.
The closure of the Canton Paper Mill brings into question what, if any, effects will be had on the Canton real estate market.
It’s a question I’ve been getting more and more recently, “Should we invest in Canton?”
It’s unfortunate that many individuals are facing job loss. However, looking at the other side, the pollution has been a significant hindrance to the area.
There have been times when the odor could be smelled in West Asheville. Getting rid of this smell could possibly unlock growth potential in the area.
Assuming this holds true, we could anticipate a rise in real estate prices.
The proximity of Canton to Asheville could become a more attractive factor, especially as people consistently seek living options outside Asheville.
This shift may serve as an opportunity for those who have been priced out of other Western North Carolina regions.
Therefore, it’s plausible to predict an upward trend in real estate prices, potentially aligning with the values of areas like Hendersonville, Brevard, and Arden.
Overall, less pollution could improve the quality of life, making the area more attractive for new residents.
Final Thoughts About Canton
Canton’s location, close to Asheville, adds to its appeal. As more people seek affordable housing outside of Asheville, Canton could become an increasingly popular choice. This would likely lead to increased real estate prices, making Canton a promising option for home buyers and investors.
As always, the future is not set in stone. However, the signs point to continued growth and opportunities in Canton’s real estate market. For those who appreciate the charm of this historic town and its beautiful setting in Western North Carolina, Canton could be the perfect place to call home.
Frequently Asked Questions about Canton, NC
Is Canton NC a good place to live?
Canton, NC is indeed a great place to live. With its charming small-town atmosphere, beautiful natural surroundings, and a tight-knit community, Canton offers a high quality of life. Residents enjoy a range of amenities, including local shops, restaurants, and cultural attractions.
Does Canton NC have a downtown area?
Yes, Canton has a vibrant downtown area. It is the heart of the town, featuring local businesses, shops, and restaurants. The downtown area of Canton has a unique blend of historic architecture and modern conveniences, making it a lively and inviting place for residents and visitors alike.
What is the big factory in Canton North Carolina?
The major factory in Canton, North Carolina is the Evergreen Packaging paper mill. Formerly known as the Champion Paper and Fibre Company, Evergreen Packaging is one of the largest employers in the region and has played a significant role in the local economy.
What’s it like to live in Canton NC?
Living in Canton, NC offers a pleasant and community-oriented experience. The town has a friendly and welcoming atmosphere, with a strong sense of community. Residents enjoy the scenic beauty of the Blue Ridge Mountains, access to outdoor recreational activities, and a relatively affordable cost of living compared to larger cities.
What is the crime rate in Canton NC?
Canton, NC has a relatively low crime rate compared to national averages. The town has a dedicated police force that works diligently to maintain a safe and secure environment for residents. However, it’s always recommended to practice general safety precautions and stay informed about any local updates regarding crime prevention.
Is Cashiers NC a nice place to live?
While Cashiers, NC is not directly related to Canton, it is indeed a beautiful and desirable place to live. Located in the southern part of the Blue Ridge Mountains, Cashiers offers stunning natural scenery, outdoor recreational activities, and a close-knit community. The area is known for its upscale amenities and a slower pace of life.
Where are most people moving from to NC?
Many people are moving to North Carolina from various parts of the United States. The state’s favorable climate, diverse job opportunities, lower cost of living compared to some other states, and attractive natural landscapes are some of the factors that attract people to relocate to North Carolina.
Is Canton, NC a dry county?
Canton, NC is not a dry county. Alcohol sales are permitted within the town, and there are establishments where residents and visitors can enjoy alcoholic beverages.