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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 $186,012, lower than the Missouri average of $246,641.
The average cost of rent is $993/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. In Canaan, 20.23% of households rent, and 65.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $6,446 per month. Households that rent pay about 15.41% of their income on rent here. Canaan’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bland, MO: equally priced homes
- Byron, MO: equally priced homes
- Old Bland, MO: higher priced homes
- Cleavesville, MO: equally priced homes
- Belle, MO: equally priced homes
- Cooper Hill, MO: equally priced homes
- Old Woollam, MO: equally priced homes
- Owensville, MO: equally priced homes
- Summerfield, MO: higher priced homes
- Judge, MO: less expensive homes
Cities with Similar Populations
- Sugartree, MO: less expensive homes
- Story, IN: higher priced homes
- Cuttyhunk, MA: higher priced homes
- Cusco Willa, VA: less expensive homes
- Curtin, WV: less expensive homes
- Stranger, TX: higher priced homes
- Sublett, ID: higher priced homes
- Sugarbush, NY: higher priced homes
- Lambs Creek, PA: higher priced homes
- Cypremort, LA: less expensive homes
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