Mortgage payment estimates, closing cost breakdowns, and homebuying data for Canton, Ohio.
Median Home Price
$105K
Population
70K
Avg Monthly Rent
$750
Property Tax Rate
1.56% *
* Property tax shown is the Ohio state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Canton.
Canton vs Ohio Median
The median home price in Canton is $105,000, which is 51% below the Ohio state median of $215,000.
Mortgage Calculator — Canton, OH
Pre-filled with Canton median home price and Ohio tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $105K home using Ohio's 1.56% tax rate and $1,400/yr insurance.
5% Down
$942/mo
Down: $5,250
Loan: $100K
P&I: $630
Tax: $137
Insurance: $117
PMI: $58
10% Down
$906/mo
Down: $10,500
Loan: $95K
P&I: $597
Tax: $137
Insurance: $117
PMI: $55
20% Down (No PMI)
$784/mo
Down: $21,000
Loan: $84K
P&I: $531
Tax: $137
Insurance: $117
Income needed (28% rule): $34K/year with 20% down, $39K/year with 10% down.
Rent vs Buy in Canton
Rent
$750/mo
vs
Buy (10% down)
$906/mo
Price-to-rent ratio: 11.7 — With a ratio under 15, buying in Canton is likely more cost-effective than renting if you plan to stay 3+ years. The monthly cost of buying is $156 more than renting, but you build equity with every payment.
The median home price in Canton is $105,000, 51% below the Ohio state median of $215,000. With a population of 70,458, Canton is a smaller market where home prices tend to be more accessible than in many parts of Ohio.
Property taxes in Ohio average 1.56% annually. This higher-than-average tax rate means a $105,000 home in Canton would carry roughly $137/month in property taxes alone — plan accordingly. Homeowners insurance in Ohio runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Canton is $750/month. With a price-to-rent ratio under 15, buying may be more cost-effective than renting in Canton over the long term.
Canton offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Ohio's OHFA Your Choice! Down Payment Assistance program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Canton.