Zip 48188 (Canton, MI) Housing

The housing market in 48188 Canton, MI is doing well with a median value of $350,200 which is slightly higher than the US median house value of $338,100. Additionally, the 1 year house appreciation rate in Canton is 8.47%, which is slightly higher than the US national average of 8.27%. This indicates that house prices in this region have increased at a faster rate than the national average over the past year. As such, Canton continues to be an attractive market for homebuyers and investors alike.

The median home cost in Canton (zip 48188) is $350,200. Home appreciation the last 10 years has been 109.8%. Home Appreciation in Canton (zip 48188) is up 13.1%.

Average Age of Homes

- The median age of Canton (zip 48188) real estate is 22 years old

The Rental Market in Canton (zip 48188)

- Renters make up 17.4% of the Canton (zip 48188) population
- 0.1% of houses and apartments in Canton (zip 48188), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Canton, Michigan	United States
	16,711.0	139,647,020.0
	25	42
	$350,200	$338,100
	13.1%	16.6%
	49.3%	57.0%
	109.8%	101.1%
	$16.03	$10.98
	$4,698	$2,690
	79.2%	57.4%
	3.4%	11.2%
	17.3%	31.4%
Vacant Housing
	0.1%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	3.5%	2.6%
	1.7%	2.4%
	0.5%	2.8%
	0.5%	3.9%
	0.4%	4.5%
	5.2%	11.3%
	9.3%	13.0%
	31.1%	20.1%
	27.8%	13.6%
	14.4%	8.3%
	5.3%	9.7%
	0.3%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	27.6%	13.6%
	27.6%	13.6%
	31.9%	13.6%
	7.8%	13.2%
	19.2%	14.8%
	31.9%	13.6%
	1.0%	10.0%
	0.7%	4.7%
	0.6%	12.2%

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