How affordable are homes in Canton Georgia?
Canton, Georgia, offers a range of affordable housing options that appeal to first-time homebuyers, families, and investors seeking value in the Atlanta metro area. While home prices have been rising in recent years, they remain relatively accessible compared to many surrounding communities. Canton has a range of homes priced below the national median, favorable income levels, and a buyer-friendly market, Canton stands out as a cost-effective choice for prospective homeowners.
š” Home Prices in Canton, GA (2025 Snapshot)
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Median Home Value: Approximately $507,742, reflecting a 1.5% increase over the past year.
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Median Sale Price: Around $525,747, marking a 2.4% year-over-year gain.
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Median Listing Price: $565,000, down 5.8% from the previous year.
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Price per Square Foot: Ranges from $203 to $213, depending on the source.
šļø Affordability Compared to National Averages
While Canton's median home prices are about 28.7% higher than the national average, the area's median household income of $61,459 is 11.1% above the national norm . This combination of relatively affordable housing and higher-than-average income levels contributes to a favorable affordability index.
š Market Dynamics
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Market Type: As of early 2025, Canton is considered a buyer's market, with homes selling for approximately 1.22% below the listing price on average.
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Days on Market: Homes typically go under contract in about 47 to 57 days, indicating a moderately paced market.
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Price Trends: The market has shown resilience, with modest annual price increases despite broader national trends.
š Neighborhood Highlights
Canton boasts several desirable neighborhoods, including Great Sky, River Green, Copper Creek, Bridgemill, Mountain Vista Overlook and many more. These areas offer a mix of suburban tranquility and proximity to urban amenities, making them attractive options for homebuyers.
š§¾ Cost of Living Overview
Beyond housing, Canton's overall cost of living is influenced by factors such as transportation, healthcare, and taxes. While transportation costs are slightly below the national average, healthcare expenses are about 9.2% higher. The baseline sales tax rate is 4%, and income tax rates start at 1%, contributing to the overall cost of living.
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