Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Canaan area can be challenging. Home prices in Canaan are now at a median cost of $142,308, lower than the Arkansas average of $160,541.
The average cost of rent is $625/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. While nearly 56.63% of residents own their homes outright in Canaan, 22.31% rent.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $4,429 per month. Households that rent pay about 14.11% of their income on rent here. Canaan's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Bear Creek, AR: higher priced homes
- Dongola, AR: less expensive homes
- Marshall, AR: less expensive homes
- Leslie, AR: equally priced homes
- Rumley, AR: less expensive homes
- Zack, AR: less expensive homes
- Snowball, AR: less expensive homes
- Magic Springs, AR: less expensive homes
- Elberta, AR: less expensive homes
- Eula, AR: less expensive homes
Cities with Similar Populations
- Carlton, KS: higher priced homes
- Patzau, WI: higher priced homes
- Lucky, TN: less expensive homes
- Caledonia Park, PA: higher priced homes
- California Junction, IA: higher priced homes
- Ludell, KS: less expensive homes
- Patterson, VA: less expensive homes
- Capehart, WV: higher priced homes
- Eden, AZ: equally priced homes
- Carbondale, WV: equally priced homes
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