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Canton, SD

Full City Profile · South Dakota · Lincoln County County

3.2 /5.0
B Good
3,060 Population 936/sq mi density
$65,500 Median Income $39,248 per capita
$191,000 Home Value $296,670 Zillow
$693 Median Rent 22.4% income on rent
46°F Avg Temperature 291 sunny days/yr
341 Violent Crime/100K 1,676 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$65,500 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$191,000 home value, $693/mo rent
F
Safety
1.0 / 5.0
341 violent crimes/100K
C+
Education
2.6 / 5.0
19.5% bachelor's degree or higher

Housing Overview

Median Home Value
$191,000
32% below
US avg: $281,900
Median Rent
$693/mo
40% below
US avg: $1,163/mo
Homeownership Rate
68.1%
4% above US avg (65.4%)
Total Housing Units
1,523
Median year built: 1960

Home Value by Source

Census Median
$191,000
Zillow (ZHVI)
$296,670
Median Sale Price
$210,000
Median List Price
$94,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

68.1%
Owner-Occupied
31.9%
Renter-Occupied
68%
32%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent: $693/mo

Market Indicators (Redfin)

Median Days on Market
53 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
16.7%
of listings with price reduction
Price Per Sq Ft
$116
Active Inventory
6
homes for sale

Affordability & Housing Stock

Rent Burden
22.4%
of renters spending 30%+ of income on housing
28% below US avg (31.0%)
Median Year Built
1960
Average age of housing stock: 66 years
Homeownership Rate
68.1%

Complete Housing Data

Home Values

Census Median Value$191,000
Zillow Home Value (ZHVI)$296,670
Median Sale Price$210,000
Median List Price$94,900
Price Per Sq Ft$116

Rent

Census Median Rent$693
FMR Studio$691
FMR 1-Bedroom$784
FMR 2-Bedroom$990
FMR 3-Bedroom$1,295
FMR 4-Bedroom$1,540

Market

Days on Market53
Sale-to-List Ratio1.0%
Price Drops16.7%
Homes Sold2
Active Inventory6
Price Per Sq Ft$116

Ownership & Stock

Owner-Occupied68.1%
Renter-Occupied31.9%
Homeownership Rate68.1%
Total Housing Units1,523
Median Year Built1960
Rent Burden22.4%