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 $140,763, lower than the Maine average of $243,042.
The average cost of rent is $523/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. While nearly 38.16% of residents own their homes outright in Canaan, 19.48% rent.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $4,990 per month. Households that rent pay about 10.47% 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.
Nearby Cities
- Hinckley, ME: higher priced homes
- East Madison, ME: higher priced homes
- Clinton, ME: less expensive homes
- Waverley, ME: less expensive homes
- Shawmut, ME: equally priced homes
- Skowhegan, ME: less expensive homes
- Pittsfield, ME: less expensive homes
- West Palmyra, ME: equally priced homes
- Larone, ME: higher priced homes
- Burnham, ME: equally priced homes
Cities with Similar Populations
- Bruce, WI: equally priced homes
- West Kinderhook, MI: less expensive homes
- Joanna, SC: less expensive homes
- Keystone, CO: higher priced homes
- Thompson, ND: higher priced homes
- Cibecue, AZ: less expensive homes
- Summer Shade, KY: less expensive homes
- Paris, OH: higher priced homes
- Colquitt, LA: less expensive homes
- Malta, NY: higher priced homes
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