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Canton, IL Real Estate Market Report

Updated 15 August 2026 · Written by Bryce Ashley, Broker · Home values reviewed quarterly, demographic and school data annually. Next review: 1 December 2026

Canton is not a Peoria suburb, and this page won't pretend otherwise. It's the seat of Fulton County, about 32 miles and a 48-minute drive from Peoria — too far for most daily commutes. It's also the most affordable market The Ashley Home Team covers, anchored by its own hospital, college, and a real economic recovery story worth knowing before you write it off.

Canton at a glance · 15 August 2026
Zillow home value
~$78,700most affordable in this series
2024 median estimate
~$114,000a different measure — see note below
Median household income
$53,254below Peoria metro's $67,195
School district rank
#493 of 8132-star SchoolDigger — see note
Drive to Peoria
~48 min32 miles — not a commuter town
Population
12,673down ~5% since 2020 census {{cite:world-population-review-popu}}

An honest starting point: this is not suburb pricing

Canton's home values run from roughly $78,700 [1] (Zillow's index) to about $114,000 (a separate 2024 estimate) depending on methodology — either figure a fraction of Chillicothe, the next most affordable town in this series at roughly $177,500. That gap is not a data error. It reflects two genuinely different markets: one inside realistic Peoria commuting range, one that isn't.

Canton's value proposition isn't "affordable Peoria suburb." It's "its own market, priced for what it actually is." Selling it as the former would set the wrong expectation for every buyer who reads this page.

What Canton's economy is actually built on today

Canton's largest employer is Graham Hospital — the biggest employer in Fulton County. Alongside it: the Illinois River Correctional Center [4], a state prison; Spoon River College; and Cook Medical [4], which opened a manufacturing plant in 2010 on the former International Harvester site.

That last fact carries real history. International Harvester [5]'s plow works anchored Canton's economy for decades — in the 1950s and '60s Canton led Illinois towns in per-capita wages, car ownership, and home ownership. The plant closed in 1983, and the housing market took a real hit that shows up in the pricing above. The 30-acre site burned in a 1997 arson fire and sat leveled for years before Cook Medical's arrival in 2010 gave it a second life. A downtown facade-improvement grant restored much of the historic town square in the years since.

Worth knowing this history if you're advising a buyer: Canton's current pricing reflects a real economic transition, not a town in ongoing decline. The anchors that exist today — healthcare, corrections, higher ed, manufacturing — are stable, not speculative.

The schools, stated plainly

Canton Union School District 66 ranks 493rd of 813 Illinois districts with a 2-star SchoolDigger [3] rating — below state averages overall, with relatively high chronic absenteeism cited as a contributing factor. Two schools stand out within the district: Lincoln Elementary and Ingersoll Middle School each hold 3-star ratings and outperform both the district and state averages in their strongest subjects.

Same standard as the East Peoria page: if school ranking is the deciding factor, Canton is not the strongest entry in this series. If price and a genuine small-city, non-commuter lifestyle rank higher, it's worth a serious look.

Distance from Peoria — and why that's the point, not a drawback

Canton sits about 32 miles from Peoria via US-24 and IL-9, roughly a 48-minute drive [6]. That rules it out as a Peoria commute town for most buyers, and this page treats that as a fact to state rather than a problem to talk around. Canton works for people whose work, family, or life is centered in Fulton County itself — not for someone hoping to work in Peoria and live somewhere quieter nearby.

DestinationApprox. drive
Downtown Peoria~48 min
Graham Hospital (in town)local
Spoon River College (in town)local

Common questions about buying in Canton

What is the average home price in Canton, IL?

Estimates range from about $78,700 (Zillow) to roughly $114,000 (a 2024 estimate), depending on methodology. Either way, the most affordable market The Ashley Home Team covers by a wide margin.

Is Canton, IL a suburb of Peoria?

No. It's about 32 miles and a 48-minute drive from Peoria — the seat of Fulton County and its own local market, not a Peoria bedroom community.

What is Canton's economy built around today?

Graham Hospital (the county's largest employer), the Illinois River Correctional Center [4], Spoon River College, and Cook Medical [4], which opened in 2010 on the site of the former International Harvester plow works that closed in 1983.

How are the schools in Canton, IL?

Canton Union School District 66 ranks 493rd of 813 Illinois districts with a 2-star rating — below state averages. Lincoln Elementary and Ingersoll Middle School are the district's stronger schools, each 3-star rated.

Is Canton, IL a good place to live?

That depends on your priorities, and Canton's tradeoffs are clear rather than hidden. It is the most affordable market in this series, with Zillow putting typical values near $78,700, and it is a self-contained county seat — Graham Hospital, Spoon River College and Cook Medical anchor local employment [4] — not a Peoria bedroom community. Against that: Canton Union School District 66 ranks 493rd of 813 Illinois districts at 2 stars, median household income is $53,254 versus $67,195 for the Peoria metro, and the population is down roughly 5% since the 2020 census [2]. At 32 miles and about a 48-minute drive [6], daily Peoria commuting is impractical. Good fit if price and small-city independence come first; weaker if school ranking is your opening filter.

Who is a real estate agent in Canton, IL?

The Ashley Home Team — Bryce Ashley, Illinois license 475.182580, at eXp Realty — serves Canton and the wider Fulton County market, and can be reached at 309-397-6982. Canton trades differently from the Peoria suburbs: it is its own county-seat market about 32 miles out [6], not a commuter town, so pricing comparables come from within Fulton County rather than from Peoria.

BA
Bryce Ashley
Broker · The Ashley Home Team at eXp Realty · Licence 475.182580

Current Canton listings

No active MLS listings in Canton right now. Inventory in a town this size can turn over in days, so it is worth checking the live feed — or looking just outside it.

Check the Canton feed

Nearby with listings today: East Peoria, Washington, Chillicothe.

Opens the searchable MLS feed on eXp Realty.

Looking in Canton?

We will send comparable sales for your street — no obligation.

Call 309-397-6982
Sources
  1. Zillow, City-Data, HomeSnacks — Canton home value estimates, 2024–2026
  2. World Population Review — population and trend
  3. SchoolDigger & GreatSchools — Canton USD 66 ranking and school-level detail
  4. City of Canton — local history, downtown revitalization
  5. Peoria Magazine & local historical sources — International Harvester closure and Cook Medical arrival
  6. Distance-cities.com — drive time to Peoria