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These days, finding an affordable place to live in the Canton area can be challenging. Home prices in Canton are now at a median cost of $224,003, higher than the Kentucky average of $219,615.
The average cost of rent is $849/mo in Canton, primarily driven by the current value of real estate in the Canton area. In Canton, 10.30% of households rent, and 26.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canton is $5,495 per month. Households that rent pay about 15.45% of their income on rent here. Canton’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Donaldson, KY: less expensive homes
- Cadiz, KY: less expensive homes
- Roaring Spring, KY: less expensive homes
- Linton, KY: less expensive homes
- Montgomery, KY: less expensive homes
- Bumpus Mills, TN: less expensive homes
- Caledonia, KY: equally priced homes
- Peedee, KY: less expensive homes
- Faxon, KY: less expensive homes
- Hamlin, KY: less expensive homes
Cities with Similar Populations
- Swedehome, NE: equally priced homes
- Whispering Pines, CA: higher priced homes
- Center Point, WV: equally priced homes
- Chain-O-Lakes, IN: higher priced homes
- Chambersburg, OH: less expensive homes
- Chandler, MO: higher priced homes
- West Swanton, VT: higher priced homes
- Jones Prairie, TX: equally priced homes
- Surprise, NE: less expensive homes
- Kaseville, PA: higher priced homes
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