Canton, SD—57013
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canton, SD
As of Oct '25, the median home price in Canton, SD is $290,000, with a year-over-year change of 6.8%. This indicates that home prices in Canton, SD are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 6.8% |
| Single Family | $290,000 | 6.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $282,000 | 6.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Canton, SD
As of July '25, Rentcast reports the average rent in Canton, SD is $1,140, with a year-over-year rent change of 19.4%. Per bedroom, the median rent as of July '25 in Canton, SD is 1-bedrooms: $855, 2-bedrooms: $898. The most common rental property sizes in Canton, SD are 1-bedroom and 2-bedroom, accounting for 37.9% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $1,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $640 | $855 |
| 2 Bed Rent | $895 | $898 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Canton, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Canton, SD is 48. This is a increase of 18.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | -42.0% |
Listing Count | 23 | 50.0% |
| Listings as % of Homes | 0.4% | 50.0% |
Days on Market | 48 | 18.0% |
Demographics — Canton, SD
As of the latest ACS Survey released in 2023, Canton, SD has a population of 4,380, which has decreased by -13.2% over the past 5 years. Canton, SD is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,380 | -13.2% |
% Under 18 | 23.7% | 13.9% |
% Seniors | 24.5% | 52.2% |
% WFH | 8.3% | 56.6% |
% w/ College Degree | 19.8% | -21.4% |
As of the latest ACS Survey released in 2023, Canton, SD is a predominantly white area, with 95.3% of the population identifying as white. The white population has grown by 3.3% in the last 5 years. The second most common race or ethnicity in Canton, SD is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.7% of the population in Canton, SD, and this percentage has increased by 250.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.3% | 3.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.5% | -72.2% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 0.7% | 250.0% |
Mortgage and Risk — Canton, SD
According to HUD data as of 2023, there were 83 mortgage originations in Canton, SD, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Canton, SD. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 83 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Canton, SD
Canton, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $640 | $800 |
| 2 Bedroom | $45 | $895 | $940 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Canton, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $290,000 |
| Median Household Income | $77,800 |