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 $286,253, lower than the New York average of $481,023.
The average cost of rent is $1,224/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. While nearly 48.77% of residents own their homes outright in Canaan, 19.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $8,280 per month. Households that rent pay about 14.78% of their income on rent here. Canaan's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- East Chatham, NY: equally priced homes
- Richmond, MA: higher priced homes
- New Lebanon, NY: less expensive homes
- Austerlitz, NY: equally priced homes
- West Lebanon, NY: less expensive homes
- West Stockbridge, MA: higher priced homes
- New Concord, NY: equally priced homes
- Old Chatham, NY: equally priced homes
- Brainard, NY: less expensive homes
- Lenox, MA: higher priced homes
Cities with Similar Populations
- Elizabeth, LA: less expensive homes
- Glenarm, IL: equally priced homes
- South Barnstead, NH: equally priced homes
- Glasgo, CT: less expensive homes
- South Madison, OH: less expensive homes
- Stoddard, NH: less expensive homes
- Flat Rock, GA: less expensive homes
- Faulkton, SD: less expensive homes
- Fair Haven, NY: less expensive homes
- Everson, PA: less expensive homes
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