Canton, Michigan.
Typical home $400,641 (+1.2% in a year), asking rent $1,904 (+3.9%). Detroit-Warren-Dearborn, MI metro.
to buy the typical home at today's mortgage rate — +$1,095 (+109%) since Jan 2020.
- 1 year
- Up $4,579 +1%
- $396,062$400,641 since Sep 2025
- 5 years
- Up $74,638 +23%
- $326,003$400,641 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Canton$2,103
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in Canton, MI rose 1.2% over the past year — in step with the nation.
Asking rents in Canton, MI rose 3.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Canton runs $1,171/mo more than renting one. The gap peaked at $1,203 in Oct 2023.
That is $3,075 a month against $1,904 rent: a $2,103 mortgage payment, plus $543 property tax and $429 insurance & upkeep.
Owning vs renting — Canton
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,075
- Renting$1,904
- Mortgage only$2,103
Property tax · $543/mo 1.63% of value a year — the ACS 2020-2024 median bill over the median home value for Wayne County, MI
Insurance & upkeep · $429/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Canton, Wayne County, Michigan
Canton is a township of 98,659 people in Wayne County. Half its households earn more than $121,359 a year and half less, against $60,539 across Wayne County; 6% of its people live below the poverty line. 77% of its homes are lived in by their owners and 23% are rented. Unemployment in Wayne County was 6.9% in August 2026, and the county had 0.6% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Canton is a large township in Wayne County, and most homes here are lived in by their owners. Household incomes run well above the county's, fewer people live below the poverty line than across the county, and a high share of adults hold a four-year degree. Winters are cold and snowy, with January the coldest month, and summers are warm, with July the warmest.
Work. Residents work mainly in schools, hospitals and social care, with manufacturing, professional and business services, and shops close behind. Some of the biggest workplaces in Canton are Yazaki North America, Amazon and Sysco Detroit. Commutes are of middling length, and a good number of people work from home.
Things to do. The best known places nearby are in and around Detroit, all a longer drive away. The Detroit Institute of Arts is a museum, The Henry Ford is another museum, and Ford Field is a stadium. The Detroit River is the waterway that runs along the city's edge.
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- 36,311households
- 55%of adults have a degree
- 6%below the poverty line
- 27 mintypical commute
- 24%work from home
What residents work in
Employed residents by industry, from the Census survey. Wayne County had 721,389 jobs in 2025, 0.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 20°; warmest in July, with highs near 86° and lows near 63°. About 30 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Detroit Willow Run Airport weather station, 6 miles away (NOAA).
Largest workplaces in Canton
- Yazaki North AmericaParts, new, motor vehicle, merchant wholesalers968
- AmazonCouriers and express delivery services417
- Sysco DetroitGeneral line grocery merchant wholesalers391
- WalmartWarehouse clubs and supercenters354
- Mans Lumber & MillworkBuilding materials supply dealers294
- MeijerRetail286
- IKEA #026 CantonFurniture stores278
- WalmartWarehouse clubs and supercenters274
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 78 workplaces with 20 or more staff, 8,486 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Strong windVery high
- TornadoesVery high
- Inland floodingVery high
- Ice stormsVery high
- LightningVery high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Wayne County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wayne County and the Detroit-Warren-Dearborn, MI metro.
Canton home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Canton$400,641
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 3 Canton listings, and the typical home goes pending in 12 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Canton31.44%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Canton12
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Canton260
New listings per month
Sellers arriving at the market.
- Canton113
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Canton$393,264
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Canton101.28%
Zip codes with a Canton address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Canton — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Canton
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 48187 | Canton | 53,376 | $1,875 | $395,336 |
| 48188 | Canton | 45,665 | $1,974 | $406,927 |