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Canton

Learn about the people, housing, costs and businesses in Canton, Oklahoma

Median Home$118,700
Median Rent$755/month
Population428
Leading IndustriesAgriculture & Mining · Manufacturing · Construction21% agriculture & mining
Home Value Growth⬇⬇-11.1% over 2 years
Retirees22% of residentsnear the national average
Homeowners86% of occupied units
NotableAffordable Market$119k median home · lower cost than 85% of the country
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Canton
OK

Frequently Asked Questions

What are today's mortgage rates in Canton?

As of today, the 30-year fixed mortgage rate for Canton is approximately 6.866% (6.901% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Canton?

The median home value in Canton is $119k. The median monthly rent is $755. Annual property taxes average $581. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canton?

Home values in Canton have decreased 11.1% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Canton?

Based on a typical all-in ownership cost of $677/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canton is $75k/year.

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What industries drive the economy in Canton?

The largest employment sectors in Canton are agriculture and mining (21%) and construction (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.