Canton, MA—02021
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canton, MA
As of Oct '25, the median home price in Canton, MA is $786,000, with a year-over-year change of 0.6%. This indicates that home prices in Canton, MA are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $786,000 | 0.6% |
| Single Family | $870,000 | 0.7% |
| Condos | $529,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $327,000 | 0.9% |
2 Bed | $557,000 | 2.0% |
3 Bed | $751,000 | 0.3% |
4 Bed | $1,060,000 | 1.3% |
| 5 Bed | $1,308,000 | 2.3% |
% of Housing Stock
Rental Trends — Canton, MA
As of July '25, Rentcast reports the average rent in Canton, MA is $3,010, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Canton, MA is 1-bedrooms: $2,370, 2-bedrooms: $3,010, 3-bedrooms: $3,760, 4-bedrooms: $6,500. The most common rental property sizes in Canton, MA are 2-bedroom and 1-bedroom, accounting for 55.3% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,010 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,320 | $2,370 |
| 2 Bed Rent | $3,060 | $3,010 |
| 3 Bed Rent | $3,800 | $3,760 |
| 4 Bed Rent | $6,500 | $6,500 |
% of Rental Stock
Property Listings — Canton, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Canton, MA is 18. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $687,000 | -5.0% |
Listing Count | 41 | 26.0% |
| Listings as % of Homes | 0.2% | 26.0% |
Days on Market | 18 | 7.0% |
Demographics — Canton, MA
As of the latest ACS Survey released in 2023, Canton, MA has a population of 24,500, which has increased by 5.7% over the past 5 years. Canton, MA is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 65.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,500 | 5.7% |
% Under 18 | 22.2% | 0.0% |
% Seniors | 19.6% | 7.7% |
% WFH | 21.6% | 307.5% |
% w/ College Degree | 65.5% | 17.2% |
As of the latest ACS Survey released in 2023, Canton, MA is a predominantly white area, with 70.1% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Canton, MA is black, making up 10.8% of the population. Foreign-born residents account for 14.3% of the population in Canton, MA, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.1% | -12.0% |
% Black | 10.8% | 63.6% |
% Hispanic | 4.9% | 25.6% |
% Asian | 10.3% | 37.3% |
% Foreign Born | 14.3% | -5.3% |
Mortgage and Risk — Canton, MA
According to HUD data as of 2023, there were 411 mortgage originations in Canton, MA, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Canton, MA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 411 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Canton, MA
As of 2024, the percent of homes in Canton, MA under the Section 8 program is 19.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Canton, MA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 467 |
Total Units Section 8 | 467 |
% Rentals under Section 8 | 19.5% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $2,320 | $2,570 |
| 2 Bedroom | -$20 | $3,060 | $3,040 |
| 3 Bedroom | -$140 | $3,800 | $3,660 |
| 4 Bedroom | -$2,470 | $6,500 | $4,030 |
Affordability — Canton, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $786,000 |
| Median Household Income | $128,000 |