The median home in Canton, Michigan is valued at $390,329, up 3.5% year over year. Typical monthly rent is $1,861, producing a price-to-rent ratio of 17.5x — near the national average of 18x. Canton is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Detroit-Warren-Dearborn, MI stress score, crash risk, and 12-month forecast →

Home Value$390,329

+3.5%

Rent$1,861/mo

AFFORDABILITY

Enter your income for Canton.

Income (annual)

Down Payment

$78,066 on $390,329

Out of reach — 41.7% of income

Need $111,771/yr to afford.

PITI$2,608

P/I41.7%

Afford$262K

Gap-$128K

P&I $1,974Tax $501Ins $133

Renting $747/mo cheaper ($1,861 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Canton with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro →

CANTON, MI