Canton, NC 28716 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Canton, NC—28716

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$284,000

4.2% YoY Growth

Household Income

$60,000

22.4% YoY Growth

Days on Market

9.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,550

16.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,550

19.3% YoY Growth

3-Bed Rent

$1,700

6.1% YoY Growth

Home Price Trends — Canton, NC

As of Dec '25, the median home price in Canton, NC is $284,000, with a year-over-year change of -4.2%. This indicates that home prices in Canton, NC are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$284,000	-4.2%
Single Family	$283,000	-5.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Canton, NC

As of July '25, Rentcast reports the average rent in Canton, NC is $1,680, with a year-over-year rent change of -16.8%. Per bedroom, the median rent as of July '25 in Canton, NC is 2-bedrooms: $1,550, 3-bedrooms: $1,850. The most common rental property sizes in Canton, NC are 3-bedroom and 2-bedroom, accounting for 35.4% and 33.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,550	$1,680
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,550	$1,550
3 Bed Rent	$1,700	$1,850
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

6.7%

1 Bedroom

15.5%

2 Bedrooms

33.2%

3 Bedrooms

35.4%

4 Bedrooms

6.3%

5+ Bedrooms

2.9%

Property Listings — Canton, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Canton, NC is 75. 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$394,000	-7.0%
Listing Count	96	75.0%
Listings as % of Homes	0.8%	75.0%
Days on Market	83	-9.0%

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Demographics — Canton, NC

As of the latest ACS Survey released in 2023, Canton, NC has a population of 16,200, which has decreased by -8.9% over the past 5 years. Canton, NC is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 23.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,200	-8.9%
% Under 18	18.7%	-8.3%
% Seniors	23.0%	23.0%
% WFH	5.5%	139.1%
% w/ College Degree	23.9%	47.5%

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As of the latest ACS Survey released in 2023, Canton, NC is a predominantly white area, with 92.8% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Canton, NC is hispanic, making up 2.6% of the population. Foreign-born residents account for 1.3% of the population in Canton, NC, and this percentage has decreased by 51.9% 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	92.8%	1.6%
% Black	0.8%	-42.9%
% Hispanic	2.6%	-45.8%
% Asian	0.5%	150.0%
% Foreign Born	1.3%	-51.9%

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Mortgage and Risk — Canton, NC

According to HUD data as of 2023, there were 353 mortgage originations in Canton, NC, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Canton, NC. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	353
% Conventional Loans	78.0%
% Government Loans	22.0%
% Investor Loans	1.0%
% Second Loans	4.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Canton, NC

Canton, NC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	210
Total Units Section 8	210
% Rentals under Section 8	12.1%
% Occupied Section 8	80.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,350
2 Bedroom	-$30	$1,550	$1,520
3 Bedroom	$250	$1,700	$1,950
4 Bedroom	N/A	N/A	$2,570

Canton, NC—28716

Key Metrics at a Glance

Home Price Trends — Canton, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Canton, NC

% of Rental Stock

Property Listings — Canton, NC

Demographics — Canton, NC

Race and Ethnicity

Mortgage and Risk — Canton, NC

Mortgages

Rentals and Section 8 — Canton, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Canton, NC

Home Price to Income Ratio

Canton, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Waynesville, NC

Lake Junaluska, NC

Balsam Grove, NC

Balsam Grove, NC

Candler, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$284,000
Median Household Income	$60,000

Canton, NC—28716

Key Metrics at a Glance

Home Price Trends — Canton, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Canton, NC

% of Rental Stock

Property Listings — Canton, NC

Demographics — Canton, NC

Race and Ethnicity

Mortgage and Risk — Canton, NC

Mortgages

Rentals and Section 8 — Canton, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Canton, NC

Home Price to Income Ratio

Canton, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Waynesville, NC

Lake Junaluska, NC

Balsam Grove, NC

Balsam Grove, NC

Candler, NC

Frequently Asked Questions

What is the average home price in Canton, NC 28716?

How have home prices in Canton, NC 28716 changed over the past year?

What is the home price projection for Canton, NC 28716?

What are the demographics of Canton, NC 28716?

How long does it take homes to sell in Canton, NC 28716?

What is the average rent price in Canton, NC 28716?