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 $249,324, lower than the Connecticut average of $357,181.
The average cost of rent is $983/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. While nearly 31.51% of residents own their homes outright in Canaan, 34.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $5,650 per month. Households that rent pay about 17.40% of their income on rent here. Canaan's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Ashley Falls, MA: higher priced homes
- East Canaan, CT: equally priced homes
- South Canaan, CT: higher priced homes
- Salisbury, CT: higher priced homes
- Southfield, MA: higher priced homes
- Falls Village, CT: higher priced homes
- Sheffield, MA: higher priced homes
- Taconic, CT: higher priced homes
- Mill River, MA: higher priced homes
- Lime Rock, CT: higher priced homes
Cities with Similar Populations
- Audubon, IA: less expensive homes
- Centerview, MO: less expensive homes
- Kenton, TN: less expensive homes
- Mill City, OR: equally priced homes
- Moville, IA: less expensive homes
- Nashwauk, MN: less expensive homes
- Nevis, MN: equally priced homes
- Nortonville, KY: less expensive homes
- Pierce, CO: higher priced homes
- Pink, OK: less expensive homes
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