Total monthly cost of ownership
Cost to Own a Home in Canton, Missouri
A $115,000 home here costs
$1,014per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $591. The real number is $423 higher every month — 71% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Canton against Lewis County and Missouri
| Measure | Canton | Lewis County |
|---|---|---|
| Median home value | $115,100 | $118,900 |
| Median property tax | $913 | $875 |
| Effective tax rate | 0.793% | 0.736% |
| Median gross rent | $548 | $627 |
| Population | 2,741 | 9,945 |
The weather behind that power bill
Canton sits in Lewis County, which averages a high of 85.7°F in its hottest month and a low of 17.8°F in its coldest, with 39.47" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 1,070 cooling and 5,592 heating degree days, which is what sets the $123 electricity line above.
See the full climate breakdown for Lewis County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lewis County
No other places of this size are published in Lewis County.
Common questions
How much does it cost to own a home in Canton?
A $115,000 home in Canton, Missouri costs approximately $1,014 per month with 20% down at 6.66%. That is $591 principal and interest, $76 property tax, $60 homeowners insurance, $191 utilities and $96 set aside for maintenance.
What is the property tax rate in Canton?
Canton has an effective property tax rate of 0.793%, based on a median home value of $115,100 and median real estate taxes of $913. That is higher than the Lewis County average of 0.736%.
What is the average home price in Canton?
The median owner-occupied home value in Canton, Missouri is $115,100, against $118,900 across Lewis County.
Is it cheaper to rent or buy in Canton?
Median gross rent in Canton is $548 a month, against $1,014 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Canton — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Missouri.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.