Canfield, OH

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Canfield short-term rental market based on reliable data.

Listings

16 / 29

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$23,641

Middle-Earners Revenue

Occupancy

56%

Middle-Earners Occupancy

Home Value

$328,542

Median Home Sale Price

Top Earners

$48,791

Top-Earners Revenue

Canfield

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Canfield.

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B

Generally Investor friendly

Canfield Regulations

STRs are allowed in the city with a zoning permit and a Hotel/Motel business permit (plus state/county health/fire inspections), and in the unincorporated township require a Zoning Permit and a Conditional Use Permit with compatibility/parking reviews—moderate permitting and reasonable operational standards without strict caps.

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About Canfield

Canfield is a small suburban city in Mahoning County in northeastern Ohio, with a population of approximately 7,200 residents. The community carries a quiet, well-manicured character defined by tree-lined residential streets, a traditional town square, and a comfortable small-town atmosphere that has drawn families to the area for generations. It is best known as the home of the Mahoning County Fair, popularly called the Canfield Fair, one of the largest county fairs in Ohio, and it serves as a southwestern gateway to the greater Youngstown area. Canfield sits about ten miles southwest of downtown Youngstown, roughly sixty miles southeast of Cleveland, and a similar distance northwest of Pittsburgh.

The centerpiece of Canfield's identity is the Canfield Fairgrounds, where the annual Mahoning County Fair draws several hundred thousand visitors each August and September with livestock exhibitions, harness racing, agricultural contests, a sizable midway, and live entertainment. Beyond the fair itself, the fairgrounds host horse shows, swap meets, car shows, and other community events throughout much of the year, making the property a steady hub of activity just minutes from the historic town square.

About fifteen minutes north of Canfield, Mill Creek Park in Youngstown offers a striking contrast of natural beauty within an urban setting. Spanning thousands of acres, the park winds through a deep gorge cut by Mill Creek and includes Lanterman's Mill, a restored 19th-century gristmill, along with wooded drives, lakes, and hiking trails that have made it a regional favorite for more than a century. Within the park, Fellows Riverside Gardens provides cultivated floral displays and panoramic views of the Youngstown skyline.

Downtown Canfield itself centers on a traditional town square that hosts a small collection of locally owned shops, cafés, and restaurants, giving the area a walkable, neighborhood feel that contrasts with the busier commercial corridors along the main thoroughfares. The broader Mahoning Valley rounds out the offerings with additional golf courses, vineyards, and Youngstown-area cultural venues all within a short drive.

For prospective short-term rental owners, Canfield combines the appeal of a well-regarded suburb with a strong event-driven visitor base. The annual fair brings predictable peak-season demand, while the proximity to Youngstown's parks, the Youngstown State University area, and the regional highway network linking Cleveland and Pittsburgh gives the location year-round appeal for visiting families, fairgoers, and travelers exploring northeastern Ohio and western Pennsylvania.

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