Median sale price: $375,000 (up 6 % YoY). Days on market: 18. Active listings: 112 homes. Most competitive price band: $300 K–$350 K, where 62 % of listings receive 3-plus offers. New construction inventory is finally rising in Canton Center Ridge and Ford Pointe, with 42 speculative homes scheduled for summer delivery—good news for buyers tired of bidding wars on 1990s colonials.

• Fastest-appreciating micro-markets: Sheldon Meadows (9 % YoY) and Highland Lakes (8.2 % YoY) thanks to Sheldon Elementary’s 9/10 rating.
• Inventory relief: The 2024 reassessment added 412 taxable parcels after the old Canton Golf Club land was re-platted for 287 single-family sites.
• Rent-to-own bridge: NMHL’s Lock-and-Shop lets you secure today’s rate for 90 days while you sell a house in Dearborn Heights or Westland.

Michigan State Housing Development Authority (MSHDA) remains the heavyweight, offering $7,500–$10,000 in down-payment assistance that forgives after five years. Combine it with FHA 203(b) and your total cash to close on a $300 K purchase can be as low as $1,200. Income caps for Wayne County are $92,900 for 1–2-person households and $107,050 for 3-or-more, well above Canton’s median household income of $93,474.

NMHL Pathway First adds a 1 % rate-buy-down for the first 24 months—saving roughly $140/mo on the typical starter home. If your credit is under 640, we pair you with Canton-based Homeownership Advisors for a 90-day credit-coach sprint that raises scores an average of 47 points.

NMHL’s Fresh-Start FHA closes Canton Township loans down to a 580 middle score with only 3.5 % down. Had a recent Chapter 7? You’re eligible after 24 months from discharge if you’ve re-established two trade lines. For self-employed engineers at the new Google Detroit satellite office, our Bank-Statement Advantage program qualifies you off 12 months of business deposits, no tax returns required, up to a $1.5 M loan amount.

Portfolio loans: If you have 20 % equity but a 620 score, our Michigan Edge ARM starts at SOFR + 2.75 % with no PMI. We also scratch-made a Veteran Builder Loan for Vets with 550–619 scores: 0 % down, 4.75 % fixed, and we pay the 2.3 % funding fee if you close before Labor Day.

Canton Township’s total 2024 millage is 35.87 mills for properties in Plymouth-Canton Schools. On a taxable value of $187,500 (half the median price) that equals $6,726/year or about $560/month. Wayne County collects summer taxes July 1 and winter taxes December 1, so your escrow will show two large disbursements; budget an extra two months cushion at closing.

• Homestead Exemption: File by June 1 at the Canton Township Clerk office on Canton Center Rd. and knock 18 mills off your bill.
• Principal Residence Exemption: Saves you roughly $3,375/year on the median home—automatic on owner-occupied purchases, but you must submit Form 2368 within 30 days of closing or you lose the savings until next year.
• Taxable value cap: Michigan’s Proposal A limits annual increases to 5 % or CPI, whichever is lower, so your tax growth is predictable even if home prices surge.

Selfridge Air National Guard base is 22 minutes up I-275, so Canton has a dense military population. NMHL’s VA Zero Plus covers the funding fee on scores 640+, and we allow 100 % financing up to $766,550 in 2024. Surviving spouses can also use VA; we recently closed for a spouse in Oakbrooke at 5.75 % with $0 MIP—saving $238/mo versus FHA.

Disabled Veteran Exemption: If you’re rated 100 %, file Form 5107 with Wayne County and your property taxes drop to near zero—saving the median homeowner $6,700/year. Our Canton VA team includes a retired E-8 who personally walks your exemption paperwork through the County Treasurer’s office.

Wayne County Home Triage Program reopened May 2024 with $14,999 in forgivable assistance for incomes under 80 % AMI—that’s $67,360 for a family of four. The forgiveness period is only three years, shortest in the state. Combine it with FHA and your cash-to-close is under $1,000.

Canton Community Foundation offers a silent second of up to 3 % at 0 % interest for teachers, police, and firefighters. NMHL’s Grant Plus adds another $2,500 that never has to be repaid if you attend a 2-hour Zoom homebuyer class. Stack all three and a $350 K purchase needs only $2,400 of your own savings—less than the average security deposit on a Canton apartment.