Market Overview
Home Prices in Canton, MI
The median home value in Canton, MI is $412,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Canton are priced1% above average. Canton is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Canton home values have risen by approximately25.2%, reflecting strong long-term appreciation in this market.
Price History
Canton Home Price Trend
City Comparison
Canton vs. National Median
At $412,612, homes in Canton cost 1% above the national median of $410,000. Buyers in Canton should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Canton?
20% Down Payment
$82,522
on $412,612
Monthly P&I
$2,152/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,733/mo
incl. taxes & insurance
Income Needed
$109,320
gross annual (30% rule)
10% Down Option
$41,261
+ PMI applies
Loan Amount (20% dn)
$330,090
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Canton, MI?
The median home value in Canton is $412,612 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Canton?
Over the past year, home values in Canton have increased by 1.8%. Over five years, prices have risen approximately 25.2%.
How much do I need to earn to buy a home in Canton?
To comfortably afford the median home price of $412,612 with a 20% down payment ($82,522) at today's rates (6.8%), you'd need a gross annual income of approximately $109,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Canton compare to the national average home price?
The national median home value is approximately $410,000. At $412,612, homes in Canton are 1% above the national average.
What metro area is Canton part of?
Canton is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.