The typical owner-occupied home in Canton is worth about $117,900, 49% below the Missouri median of $230,300 and 65% below the national median of $332,700. Owners pay a median $736 a year in property taxes, about 0.62% of their home's value, lower than the Missouri rate of 0.85%. The median household earns $55,357 a year, so the median home costs 2.1 times the median income (3.3 times for Missouri). 64% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Canton at a glance
| Canton | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $117,900 | $230,300 | $332,700 |
| Median property tax paid per year | $736 | $1,948 | $3,119 |
| Property tax as a share of value | 0.62% | 0.85% | 0.94% |
| Median household income | $55,357 | $70,702 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 57% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $851 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 13.6% | 19.0% | 21.0% |
| Median rent | $563 | $1,033 | $1,413 |
| Rent as a share of renters' income | 21.8% | 28.1% | 30.6% |
| Median year homes were built | 1967 | 1978 | 1980 |
| Vacant homes | 22.4% | 11.2% | 10.1% |
| Population | 2,752 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Canton
At this week's average 30-year rate of 7.11%, buying the median Canton home of $117,900 with 20% down costs about $745 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $941, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,909 for the 20%-down payment. That payment is 16% of the median Canton household income of $55,357; at that income and 20% down, the 28% guideline points to a home of about $205,000.
The median rent here is $563 a month, so owning the median home costs about $182 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $23,580 |
|---|---|
| Loan amount | $94,320 |
| Principal and interest | $634 |
| Property taxes (0.62% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| PMI | $0 |
| Total per month | $745 |
Change the numbers in the calculator
| Down payment | $4,126 |
|---|---|
| Loan amount | $115,765 |
| Principal and interest | $779 |
| Property taxes (0.62% a year) | $61 |
| Homeowners insurance (our estimate, 0.5% a year) | $49 |
| FHA mortgage insurance | $52 |
| Total per month | $941 |
Change the numbers in the calculator
Questions about home buying in Canton
What is the median home value in Canton?
About $117,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Canton?
Homeowners pay a median $736 a year, which is about 0.62% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Canton?
For the median home with 20% down at 7.11%, the payment is about $745 a month. Keeping that under 28% of gross income takes about $31,909 a year.
More about Canton
- Mortgage Refinance in Canton
- Debt Relief in Canton
- Home Equity Loans in Canton
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data