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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 $157,928, lower than the Maine average of $330,167.
The average cost of rent is $1,004/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. In Canaan, 14.16% of households rent, and 39.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $5,690 per month. Households that rent pay about 17.64% of their income on rent here. Canaan’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hinckley, ME: higher priced homes
- East Madison, ME: higher priced homes
- Clinton, ME: higher priced homes
- Waverley, ME: higher priced homes
- Shawmut, ME: higher priced homes
- Skowhegan, ME: higher priced homes
- Pittsfield, ME: higher priced homes
- West Palmyra, ME: equally priced homes
- Larone, ME: higher priced homes
- Burnham, ME: higher 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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