The story of this market
The typical home in ZIP 48187 sells for about $390,000, or $202 per square foot.
Prices are up +7.4% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,464 a month.
ZIP 48187 — Canton
The 48187 housing market remains competitive with steady price appreciation and low inventory levels. Demand is driven by the area's high-quality school district and professional workforce, though rising interest rates have moderated the pace of sales compared to previous years.
This ZIP is ideal for family buyers seeking high-quality schools and suburban amenities, as well as professionals commuting to the Detroit or Ann Arbor employment hubs who value a balance of convenience and community.
Median prices moved up 7.4% year over year.
Homes spend a median of 25 days on market with 1.2 months of supply — a fast-moving market.
53% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 5.6% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 48187, Wayne County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Canton generally maintains a lower crime rate compared to the broader Detroit metropolitan area, with property crime being the primary concern. Local law enforcement emphasizes community-oriented policing to maintain safety in residential neighborhoods.
The area is served by the highly regarded Plymouth-Canton Community Schools district, which is frequently cited for its diverse academic programs and strong student performance metrics.
The region faces standard Midwestern climate risks, including occasional severe thunderstorms and winter weather events; flood risk is generally low, though localized drainage issues can occur in specific low-lying areas.
Canton benefits from its strategic location between Detroit and Ann Arbor, attracting a mix of professional residents and corporate investment in the retail and service sectors along the Ford Road corridor.
Property taxes in Canton are determined by the Wayne County assessment process and local millage rates, which fund schools, township services, and county infrastructure; exemptions are available for primary residences and seniors.
Residents benefit from proximity to I-275 and M-14, providing efficient access to major employment hubs in Detroit, Ann Arbor, and the surrounding tech and automotive corridors.
The area features extensive park systems including Heritage Park and various community trails, alongside robust shopping and dining options concentrated along the Ford Road and Canton Center Road corridors.
The rental market is characterized by steady demand driven by the area's strong school district and professional employment base, with moderate vacancy pressure and consistent rent growth.
The local economy is anchored by a mix of retail, healthcare, and professional services, with significant employment spillover from the nearby automotive and research sectors in the Detroit-Ann Arbor corridor.
The area is primarily car-dependent, with major highway access via I-275 and I-96 facilitating regional travel.
Ongoing development focuses on mixed-use expansion and residential infill projects to accommodate continued population growth.
The Wayne County assessment regime follows state-mandated equalization processes to ensure uniform property valuation across the township.
Parcels are subject to standard township and county levies, with specific assessments for school district operations and local infrastructure maintenance.
Property insurance premiums remain stable, reflecting the area's low exposure to major natural disasters, though standard coverage for wind and storm damage is recommended.
Data retrieved from data.census.gov ZCTA-level tables.
- Michigan Stadium4.813.8 mi
- Vibe Credit Union Showplace4.310.5 mi
- Ford's Garage Dearborn4.613.4 mi
- Cantoro's Italian Market - Plymouth4.75.2 mi
- Crisler Center4.813.7 mi
- Cinemark Ann Arbor 20 and IMAX4.412.2 mi
- Emagine Canton4.63.6 mi
- Emagine Novi4.510.6 mi
- MJR Westland Grand Cinema 164.45.7 mi
- Dave & Buster's Livonia47.3 mi
- Henry Ford Museum of American Innovation4.813.6 mi
- Greenfield Village4.813.7 mi
- Ann Arbor Hands-On Museum4.713.3 mi
- University of Michigan Museum of Natural History4.712.8 mi
- University of Michigan Museum of Art4.813.2 mi
- Maybury State Park4.86.6 mi
- Matthaei Botanical Gardens4.88.9 mi
- Lower Huron Metropark - Turtle Cove Family Aquatic Center4.511.5 mi
- Gallup Park4.711.2 mi
- Heritage Park4.711.4 mi
- Fox Hills Golf & Banquet Center4.65.2 mi
- Western Golf & Country Club4.610.8 mi
- Novi Putting Edge4.210.8 mi
- Tanglewood Golf Course4.49.1 mi
- Links of Novi4.29 mi
- Twelve Oaks Mall4.410.8 mi
- Meijer4.111.7 mi
- Meijer4.27.4 mi
- One World Market - Novi4.79.8 mi
- Cantoro's Italian Market - Plymouth4.75.2 mi
- Detroit Metropolitan Wayne County Airport4.311.3 mi
- Windsor International Airport4.228.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large community park featuring trails, playgrounds, and a splash pad.
A premier community facility offering fitness, swimming, and event spaces.
A major retail hub providing diverse dining and shopping options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.