The story of this market
The typical home in ZIP 48188 sells for about $400,000, or $223 per square foot.
Prices are down 6.91% from a year ago, which gives buyers more room to negotiate. Homes take about 11 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,560 a month.
ZIP 48188 — Canton
The 48188 housing market shows signs of cooling with a year-over-year decline in median listing prices and longer days on market. While demand remains, the market is currently balanced with a supply of 178 active listings. Specific figures for tax rates and certain demographic breakdowns were not available at the ZIP level.
This ZIP is well-suited for families and professionals seeking a suburban environment with access to good schools and a stable community feel.
Median prices moved down 6.9% year over year.
Homes spend a median of 11 days on market with 2.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.9% · poverty 5.5% — a stable, low-distress profile.
ZCTA 48188, Wayne County MI
Public schools in the area are generally well-regarded, with the ZIP receiving a B+ grade for its educational offerings.
The area features a mix of established residential neighborhoods and ongoing development, supported by its location within the Canton Charter Township economic corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
The area is primarily suburban, with residents typically commuting by car to employment hubs in the Detroit metropolitan area.
The ZIP offers access to various parks, local shopping centers, and recreational facilities within Canton Charter Township.
The rental market is active with a median asking rent of $2,125, reflecting competitive demand in the suburban landscape.
The local economy is driven by a mix of suburban retail, services, and proximity to the broader Detroit-area industrial and corporate employment base.
Data sourced from ACS 2024 release via LifeHorico and Niche.
- Michigan Stadium4.813.9 mi
- Vibe Credit Union Showplace4.312.8 mi
- Ford's Garage Dearborn4.612.5 mi
- Cantoro's Italian Market - Plymouth4.76.9 mi
- Crisler Center4.813.8 mi
- Henry Ford Museum of American Innovation4.812.7 mi
- Greenfield Village4.812.8 mi
- Cinemark Ann Arbor 20 and IMAX4.411.5 mi
- Emagine Canton4.62.9 mi
- Emagine Novi4.512.9 mi
- Henry Ford Museum of American Innovation4.812.7 mi
- Greenfield Village4.812.8 mi
- Ann Arbor Hands-On Museum4.713.6 mi
- University of Michigan Museum of Natural History4.713 mi
- University of Michigan Museum of Art4.813.4 mi
- Maybury State Park4.88.9 mi
- Matthaei Botanical Gardens4.89.3 mi
- Lower Huron Metropark - Turtle Cove Family Aquatic Center4.59.1 mi
- Gallup Park4.711.3 mi
- Heritage Park4.60.8 mi
- Sandy's Marina4.46.6 mi
- Fox Hills Golf & Banquet Center4.67 mi
- Western Golf & Country Club4.611.1 mi
- Tanglewood Golf Course4.411.5 mi
- Links of Novi4.211.4 mi
- Farmington Hills Golf Club4.212.7 mi
- Twelve Oaks Mall4.413 mi
- Meijer4.111.1 mi
- Meijer4.29.3 mi
- One World Market - Novi4.712 mi
- Cantoro's Italian Market - Plymouth4.76.9 mi
- Detroit Metropolitan Wayne County Airport4.39.2 mi
- Windsor International Airport4.227.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides various green spaces and recreational trails for residents.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).