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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 $425,297, higher than the Florida average of $396,783.
The average cost of rent is $1,098/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. In Canaan, 13.55% of households rent, and 34.34% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $8,140 per month. Households that rent pay about 13.49% of their income on rent here. Canaan’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Osteen, FL: less expensive homes
- Geneva, FL: higher priced homes
- Deltona, FL: less expensive homes
- Sanford, FL: less expensive homes
- DeBary, FL: less expensive homes
- Lake Mary, FL: higher priced homes
- Orange City, FL: less expensive homes
- Lake Helen, FL: equally priced homes
- Longwood, FL: higher priced homes
- Scottsmoor, FL: less expensive homes
Cities with Similar Populations
- Floris, IA: less expensive homes
- Susan, VA: less expensive homes
- Swan, IA: less expensive homes
- Swea City, IA: less expensive homes
- Gilboa, NY: less expensive homes
- Syenite, MO: less expensive homes
- Taswell, IN: less expensive homes
- Titonka, IA: less expensive homes
- Gainesville, NY: less expensive homes
- Franklinville, IL: less expensive homes
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