Commercial Real Estate Market in Canfield, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 573 off-market properties in Canfield, OH.
Market Trends
Canfield, OH spans 54.5 square miles in Mahoning County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Canfield, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Canfield, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Canfield, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Canfield, OH asks $74/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.7%
- Civic 14%
- Commercial 6.9%
- Industrial 6%
- Planned_development 5.5%
Largest Zones share of zoned land by district
Single Family Residential
Special
Single Family Residential
Future Annexation
Manufacturing
Canfield, OH zones 2,939 acres across 15 districts. Commercial zoning covers 6.9% of zoned land, residential 57.7% and industrial 6%. The largest single district is Single Family Residential at 36.6%. For commercial buyers the practical constraint is that only 12.9% of land carries a commercial or industrial designation.
Special (S)
Resource and mineral extraction operations are conditionally permitted in the M-1 Manufacturing District and S Special District, provided they meet the requirements specified in the following outlined conditions for approval: (1) The applicant for a conditional use permit to operate a mineral extraction operation must demonstrate that such operations will no…
Market overview
Demographics & Economy
Canfield, OH has 22,740 residents in 9,231 households. Density runs 417 people per square mile. Median household income here is $99,542 and median gross rent $826 a month.
22,740
Population
9,231
Households
2.5
Avg Household Size
48
Median Age
47%
College-Educated
97%
High-School Grad
54.5 sq mi
ZIP Area
417
Density / Sq Mi
$99,542
Median Household Income
$49,489
Median Earnings
$826
Median Rent
$260,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cornersburg | — | — |
| Boardman | — | $24.84 |
| Ellsworth | — | — |
| Austintown | — | — |
Commercial property in Canfield, OH asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Canfield?
Commercial property in Canfield, OH asks an average of $38 per square foot. The 5 most recent recorded sales traded at a median of $49/SF. Multifamily carries the highest asking price at $74/SF.
What zoning applies to commercial property in Canfield?
Canfield, OH zones 2,939 acres across 15 districts, of which 6.9% is commercial and 6% industrial. The largest single district is Single Family Residential at 36.6% of zoned land. Residential zoning covers 57.7% and open space 0%.
Where does Realmo's Canfield market data come from?
Realmo compiles Canfield, OH figures from 6 recent recorded sales, 25 active sale listings, 8 active lease listings, 573 tracked off-market properties, the current Canfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 25 active for-sale and 8 active for-lease listings in Canfield, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,939 zoned acres across 15 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
