In Canton, a typical home is worth $107,100 and typical rent is $766 a month. Compared with all of Fulton County, typical household income is 12% lower and the share of households that own their home is 9 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $98,042 to $108,350.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Canton is in Fulton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Fulton County. See the county
What this place has that others do not, from public data, most unusual first.
1
Canton has the 21st lowest typical rent of the 331 cities in Illinois with more than 5,000 people ($766).
2
67% of households in Canton own their home, against 77% in Fulton County.
3
Canton has the 30th lowest typical household income of the 337 cities in Illinois with more than 5,000 people ($53,254).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Canton
What homes there are in Canton, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Canton
Fulton County
Illinois
United States
Kind of home: Canton and its comparisons
Measure
Canton
Fulton County
Illinois
United States
Detached house
80%
86%
58%
61%
Attached house
3%
1%
6%
6%
Building of 2 to 4
8%
5%
12%
8%
Apartments (5 or more)
9%
5%
22%
19%
Mobile home
Unreliable estimate
3%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Canton, but it weighs less than in Fulton County: 80% against 86%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Canton
Fulton County
Illinois
United States
Year built: Canton and its comparisons
Measure
Canton
Fulton County
Illinois
United States
Before 1960
54%
50%
38%
26%
1960–1979
30%
29%
26%
24%
1980–1999
10%
12%
20%
25%
2000–2009
4%
6%
11%
14%
2010 or later
Unreliable estimate
4%
6%
11%
By age, homes in Canton look like those in Fulton County: the typical year built is 1958.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K46%
$100K–$200K38%
$200K–$300K11%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Canton and its comparisons
Measure
Canton
Under $100K
46%
$100K–$200K
38%
$200K–$300K
11%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50023%
$500–$99955%
HUD fair market rent, 2 bedrooms: $930
$1,000–$1,49922%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Canton and its comparisons
Measure
Canton
Under $500
23%
$500–$999
55%
$1,000–$1,499
22%
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
About 70% of rented homes in Canton cost less than HUD's 2-bedroom fair market rent for Fulton County ($930).
With a mortgage
$1,184 a month
Fulton County: $1,253 a month
Without a mortgage
$542 a month
Fulton County: $559 a month
Owners with a mortgage
43%
Fulton County: 47%
In Canton, 43% of owners have a mortgage, and their typical cost is $1,184 a month, against $1,253 in Fulton County. Without one it drops to $542.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Canton+19%
Fulton County+21%
Illinois+35%
United States+53%
Typical rent
Canton+29%
Fulton County+22%
Illinois+26%
United States+33%
Typical household income
Canton+20%
Fulton County+17%
Illinois+27%
United States+29%
Change since 2015–2019: Canton and its comparisons
Measure
Canton
Fulton County
Illinois
United States
Typical home value
+19%
+21%
+35%
+53%
Typical rent
+29%
+22%
+26%
+33%
Typical household income
+20%
+17%
+27%
+29%
From 2015–2019 to 2020–2024, home values in Canton rose at about the same pace as in Fulton County: 19% against 21%.
Rents in Canton rose faster than in Fulton County: 29% since 2015–2019, against 22%.
The typical household income in Canton rose 20% over that time; home values changed +19% and rent +29%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Canton and its comparisons
Measure
Canton
Fulton County
Illinois
United States
Rental vacancy
18.2%
14.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.0%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.5%
3.4%
People per household
2.03
2.24
2.46
2.53
Drive alone
84%
83%
66%
69%
Carpool
9%
8%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
6%
3%
Walk or bike
Unreliable estimate
3%
3%
3%
Work from home
Unreliable estimate
5%
16%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
In Canton, the rental vacancy rate is 18.2%; in Fulton County, 14.5%.
Households in Canton are smaller: 2.03 people on average; in Fulton County, 2.24.
To get to work, 84% of workers in Canton drive alone; in Fulton County, 83%.
Do the math
What would you pay each month for a home in Canton?
A typical home is within reach of the typical income
We start with a typical home in Canton, worth $107,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 23% of the typical household income in Canton, which is $53,254 a year.
The calculator's FHA and conventional loan limits are those of all of Fulton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Canton. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,749 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,006
at 7.18% · 30 years
Loan amount
$105,160
Total interest
$151,300
Paid off in
November 2056
Includes $1,809 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,243 a month
Your payment · 23%
Tight
$1,243 to $1,598 a month
Hard
more than $1,598 a month
Compared with the typical household income in Canton ($53,254 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$712
Property tax
$202
Home insurance
$45
FHA mortgage insurance (MIP)
$47
You need at least $3,749 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,006; principal and interest $712.
The city and its county
Canton and Fulton County
Canton is in Fulton County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Canton
Map of Fulton County, Illinois, with Canton marked. Around it, the neighboring counties.
Canton
Fulton County
Other cities with a page
Canton's own numbers
Typical home value
$107,100
Typical monthly rent
$766
Typical yearly household income
$53,254
Households that own their home
67%
Effective property tax rate
2.26%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Fulton County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$930
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
1.1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Fulton County.
A typical home in Canton is worth $107,100: about the same as the county and 59% below Illinois. With the typical household income in Canton ($53,254 a year), a typical home costs 2.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Canton2.0 years
Fulton1.8 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Fulton County
According to FHFA’s house price index, home prices in Fulton County rose 45% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Fulton County.
Yearly change in FHFA’s price index in Fulton County, 2016 to 2025
2016: +2.1% +2.1% 2016
2017: +0.3% +0.3% 2017
2018: −0.7% −0.7% 2018
2019: +6.1% +6.1% 2019
2020: −2.3% −2.3% 2020
2021: +6.6% +6.6% 2021
2022: +8.4% +8.4% 2022
2023: +7.1% +7.1% 2023
2024: +2.0% +2.0% 2024
2025: +8.8% +8.8% 2025
Change in FHFA’s price index in Fulton County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+8.8%
+5.7%
+2.9%
5 years (2020–2025)
+38%
+47%
+47%
10 years (2015–2025)
+45%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Canton next to Fulton County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Canton$107,100
Fulton$107,200
Illinois$263,300
United States$332,700
Typical monthly rent
Canton$766
Fulton$785
Illinois$1,274
United States$1,413
Typical yearly household income
Canton$53,254
Fulton$60,599
Illinois$83,390
United States$80,734
See the full table
Canton next to Fulton County and Illinois
Measure
Canton
Fulton County
Illinois
U.S.
Typical home value
$107,100
$107,200
$263,300
$332,700
Typical monthly rent
$766 ▼2% below the county
$785
$1,274
$1,413
Typical yearly household income
$53,254 ▼12% below the county
$60,599
$83,390
$80,734
Households that own their home
67% ▼9 points below the county
77%
67%
65%
Typical yearly property tax
$2,418 ▲6% above the county
$2,289
$5,298
$3,119
Effective property tax rate
2.26% ▲0.12 points above the county
2.14%
2.01%
0.94%
Renters with high rent for their income
51% ▲5 points above the county
46%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Fulton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Canton
For a typical $107,100 home in Canton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Canton's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,006a month
Least cash to close
Down payment
$3,749
Cash to close
$6,962
Rate
7.18%
Mortgage insurance
FHA MIP · $47
Conventional, 5% down$986a month
Down payment
$5,355
Cash to close
$8,568
Rate
7.18%
Mortgage insurance
PMI · $51
Conventional, 20% down, no PMI$827a month
Down payment
$21,420
Cash to close
$24,633
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$926a month
Down payment
$16,065
Cash to close
$19,278
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Canton
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,006
$3,749
$105,160
7.18%
FHA MIP · $47
$6,962
580
Conventional, 5% down
$986
$5,355
$101,745
7.18%
PMI · $51
$8,568
620*
Conventional, 20% down, no PMI
$827
$21,420
$85,680
7.18%
None
$24,633
620*
ITIN, 15% down (example)
$926
$16,065
$91,035
8.18%
None
$19,278
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Canton is $766 a month: 2% below the county. In Canton, 51% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Fulton County, by unit size. To pay the 2-bedroom one ($930 a month) without spending more than 30% of your income, you would need to earn $17.88 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Fulton County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$648
$12.46
$25,920
1 bedroom
$727
$13.98
$29,080
2 bedrooms
$930
$17.88
$37,200
3 bedrooms
$1,288
$24.77
$51,520
4 bedrooms
$1,303
$25.06
$52,120
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Canton
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Canton is in ZIP code 61520.
For 2 bedrooms it is $940: $10 more than the fair market rent for Fulton County ($930).
Fair market rent by ZIP code and size in Canton, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
61520
$690
$740
$940
$1,290
$1,310
ZIP code2 bd3 bd
61520 $940$1,290
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Canton when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 8 buildings with rents for lower incomes in Canton. These are the largest.
Longview Apartments414 N 1st Ave, Canton 61520120 homes, 107 low-income · Run by Fulton County Housing Authority · Average payment: $318 a month · Average wait: 3 months(309) 647-4120
Maple Manor Apartment250 S Main St, Canton 61520100 homes, 97 low-income · Run by Fulton County Housing Authority · Average payment: $344 a month · Average wait: 3 months(309) 647-4120
Oaklawn Apartments1002 E Oak St, Canton 6152080 low-income homes · Run by Fulton County Housing Authority · Average payment: $349 a month · Average wait: 10 months(309) 647-4120
Village Square Elderly Apartments1612 E Myrtle St, Canton 6152048 low-income homes · For older adults(309) 347-5984
Ashland Place1700 E Ash St, Canton 6152042 homes, 37 low-income · 1 bd: 6 · 2 bd: 20 · 3 bd: 16 · In service since 2013
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Fulton County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Canton or Fulton County. The ones below are statewide in Illinois: they work in Canton the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Canton or Fulton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Canton and all of Fulton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Canton?
The typical home value in Canton is $107,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fulton County it is $107,200.
How much does it cost to rent in Canton?
Typical rent in Canton is $766 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fulton County is $930.
What is the FHA loan limit in Canton?
Canton uses the FHA limit for all of Fulton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Canton?
The typical homeowner in Canton pays $2,418 a year, according to the U.S. Census Bureau. That is 2.26% of the home’s value; in Fulton County, the rate is 2.14%.
Where can I find free help to buy or rent in Canton?
We found no HUD-approved counseling agencies with an office in Fulton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
