Canton, NC—28716
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canton, NC
As of Oct '25, the median home price in Canton, NC is $288,000, with a year-over-year change of -3.4%. This indicates that home prices in Canton, NC are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | -3.4% |
| Single Family | $288,000 | -4.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | -3.1% |
3 Bed | $321,000 | -1.5% |
4 Bed | $360,000 | -1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Canton, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Canton, NC is 76. This is a increase of 33.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -16.0% |
Listing Count | 117 | 68.0% |
| Listings as % of Homes | 0.8% | 68.0% |
Days on Market | 76 | 33.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Canton, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $288,000 |
| Median Household Income | $60,000 |