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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 $184,500, higher than the West Virginia average of $177,366.
The average cost of rent is $967/mo in Canaan, primarily driven by the current value of real estate in the Canaan area. In Canaan, 10.53% of households rent, and 70.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canaan is $4,055 per month. Households that rent pay about 23.85% of their income on rent here. Canaan’s most expensive areas are in the central 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
- Eden, WV: equally priced homes
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- Zion, WV: less expensive homes
- Selbyville, WV: less expensive homes
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- Rock Cave, WV: less expensive homes
- Cleveland, WV: less expensive homes
- Wilsontown, WV: less expensive homes
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- Wheeler, WV: less expensive homes
Cities with Similar Populations
- Durkee, OR: equally priced homes
- Shell Beach, CA: higher priced homes
- Shields, KS: less expensive homes
- Shin Pond, ME: higher priced homes
- Silver City, MI: less expensive homes
- Silver, TX: less expensive homes
- East Putney, VT: higher priced homes
- Sims, ND: less expensive homes
- East Brooklyn, IL: equally priced homes
- Skwentna, AK: higher priced homes
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