Why Live in Canton
Canton, located in Fulton County, Illinois, is a city with a rich history and a population of just under 13,000 residents. Originally a coal mining town, it later became known for manufacturing steel plows until the closure of the International Harvester factory in 1983. Today, major employers include Cook Medical, Graham Medical Group, Canton Union School District No. 66, Illinois River Correctional Center, and Spoon River College. Some residents commute approximately 30 miles to East Peoria for work. Canton Park District oversees nine parks spanning over 1,400 acres, including Big Creek Park with its recreation center and Lakeland Park, which features 5 miles of trails and five lakes. Canton Lake offers boating and camping facilities, and the area is popular for hunting and fishing. Downtown Canton is vibrant with local businesses such as Billy’s Tap, Official Time Out, American Grille, and Canton Family Restaurant. Seasonal favorites include Hannam’s Dairy Dream and events like the Spoon River Valley Scenic Drive. Canton Union District No. 66 schools have high ratings, and the community supports Canton High School’s sports teams, known as the Little Giants. Despite its active tornado history and population decline, Canton remains a city with affordable housing options, including renovated bungalows, ranch-style homes, and new traditional houses.
Frequently Asked Questions
What is the average home price in Canton, IL?
Homes for sale in Canton, IL have an average home price of $128,882.
Are home prices dropping in Canton?
Yes, home prices in Canton are down 10% in the last 12 months.
How many homes have sold over the last 12 months in Canton, IL?
201 homes have sold in Canton, IL over the last 12 months.
What are the most popular zip codes in Canton, IL?
How much do you need to make to afford a house in Canton?
The median home price in Canton is $98,500. If you put a 20% down payment of $19,700 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $510 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $22K a year to afford the median home price in Canton.
How are the schools in Canton, IL?
Home Trends in Canton, IL
On average, homes in Canton, IL sell after 41 days on the market compared to the national average of 50 days. The median sale price for homes in Canton, IL over the last 12 months is $90,000, down 17% from the median home sale price over the previous 12 months.
Median Sale Price
$90,000
Median Single Family Sale Price
$95,000
Median 2 Bedroom Sale Price
$169,900
Median 1 Bedroom Sale Price
$65,000
Average Price Per Sq Ft
$75
Number of Homes for Sale
30
Last 12 months Home Sales
201
Median List Price
$98,500
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-17%