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Affordable
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These days, finding an affordable place to live in the Canal Point area can be challenging. Home prices in Canal Point are now at a median cost of $156,243, lower than the Florida average of $396,783.
The average cost of rent is $1,587/mo in Canal Point, primarily driven by the current value of real estate in the Canal Point area. In Canal Point, 83.89% of households rent, and 33.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canal Point is $1,589 per month. Households that rent pay about 99.86% of their income on rent here. Canal Point’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pahokee, FL: equally priced homes
- Sand Cut, FL: higher priced homes
- South Clewiston, FL: higher priced homes
- Loxahatchee, FL: higher priced homes
- Clewiston, FL: higher priced homes
- The Acreage, FL: higher priced homes
- Loxahatchee Groves, FL: higher priced homes
- Harlem, FL: equally priced homes
- Jupiter Farms, FL: higher priced homes
- Royal Palm Beach, FL: higher priced homes
Cities with Similar Populations
- Red Banks, MS: higher priced homes
- North Hartsville, SC: equally priced homes
- Orangeville, UT: higher priced homes
- Palestine, AR: less expensive homes
- Parshall, ND: equally priced homes
- Patton Village, CA: higher priced homes
- Plains, KS: equally priced homes
- Ramah, NM: less expensive homes
- Raymond, IL: less expensive homes
- New York, TX: higher priced homes
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