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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 $186,260, lower than the Minnesota average of $345,793.
The average cost of rent is $749/mo in Canton, primarily driven by the current value of real estate in the Canton area. In Canton, 14.29% of households rent, and 45.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canton is $5,904 per month. Households that rent pay about 12.69% of their income on rent here. Canton’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lenora, MN: less expensive homes
- Prosper, MN: equally priced homes
- Harmony, MN: equally priced homes
- Newburg, MN: higher priced homes
- Henrytown, MN: higher priced homes
- Tawney, MN: higher priced homes
- Mabel, MN: less expensive homes
- Hesper, IA: higher priced homes
- Whalan, MN: higher priced homes
- Lanesboro, MN: higher priced homes
Cities with Similar Populations
- Shelby, NE: higher priced homes
- Patten, ME: less expensive homes
- Pennington, MN: higher priced homes
- Plainfield, GA: less expensive homes
- Republic, PA: less expensive homes
- Rich Creek, VA: less expensive homes
- Hermon, NY: less expensive homes
- Ridgecrest, SC: less expensive homes
- Rushville, NE: less expensive homes
- Harrietts Bluff, GA: higher priced homes
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