Canton, Georgia Housing Market Prices
Canton Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 52% below the Georgia median$123,793
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Median rent 19% above the Georgia median$1,654
Housing Market Overview
| Metric | Canton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,793 | $256,986 | $248,835 |
| Price Trend (Annual %) | -4.0% | 8.9% | 7.5% |
| Median Gross Rent | $1,654 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 8.7% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Canton is about 52% lower than in Georgia. Rent is about 19% higher than the Georgia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Canton: home prices fell about 4.0% a year while rent rose about 8.7% a year. That is an unusual pattern worth watching.
Median rent in Canton rose about 98.1% between 2015 and 2024, from $835 to $1,654. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Canton.
Buying the median-priced home in Canton costs roughly 6.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Canton. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Canton | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $123,793 | $256,986 | $248,835 |
| Median Household Income | $74,012 | $77,523 | $80,455 |
| Price-to-Income Ratio | 1.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Canton fell about 50.3%, while median household income rose about 50.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Canton | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.7% | 58.9% | 58.5% |
| Rental Rate | 45.1% | 30.8% | 31.2% |
| Vacancy Rate | 7.2% | 10.3% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Canton has a homeownership rate of 47.7%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 7.2%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Canton | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.87 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 2001 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Canton was built around 2001. On average, 2.9 people live in a home with about 5.4 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Canton, Georgia.
What is the median home price in Canton, Georgia?
The median home price in Canton, Georgia is $123,793, lower than the Georgia average of $256,986.
What is the average home price in Canton, Georgia?
The typical home price in Canton, Georgia, reported as the median sale price, is $123,793. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Canton, Georgia?
The median gross rent in Canton, Georgia is $1,654 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Canton in 2020?
In 2020, the median gross rent in Canton, Georgia was $1,174 per month.
What is the price-to-rent ratio in Canton, Georgia?
The price-to-rent ratio in Canton, Georgia is about 6.2, meaning it would take roughly 6.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Canton.
Are home prices or rent rising faster in Canton, Georgia?
Home prices and rent are moving in opposite directions in Canton: home prices fell about 4.0% a year while rent rose about 8.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Canton, Georgia?
47.7% of households in Canton, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Canton, Georgia?
The housing vacancy rate in Canton, Georgia is 7.2%, lower than the Georgia average of 10.3%.
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