Canton, MI Real Estate
According to census data in the year 2000 there were 28,426 housing units in Canton.
This represents a 40% growth from 20,309 in 1990.
Of those housing units, 27,996 were located in either urbanized areas or urban clusters, and 430 were located in what is classified as a rural area.
Homeownership rate in Canton is about 79.2%.
Canton's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.77 people.
The majority of houses, apartments or condos in Canton were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 8.70% |
| Two Bedrooms | 22.20% |
| Three Bedrooms | 36.10% |
| Four Bedrooms | 30.50% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $194,100 |
| Median Price asked for vacant units | $258,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $623 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 15.40% |
| Simple Mortgage | 66.30% |
| Debt Free | 11.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
