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Affordable
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These days, finding an affordable place to live in the Canon City area can be challenging. Home prices in Canon City are now at a median cost of $341,516, lower than the Colorado average of $579,698.
The average cost of rent is $1,153/mo in Canon City, primarily driven by the current value of real estate in the Canon City area. In Canon City, 28.68% of households rent, and 45.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Canon City is $5,716 per month. Households that rent pay about 20.18% of their income on rent here. Canon City’s most expensive areas are in the northeastern 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
- Lincoln Park, CO: less expensive homes
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- Prospect Heights, CO: higher priced homes
- Florence, CO: less expensive homes
- Buckskin Joe, CO: higher priced homes
- Penrose, CO: equally priced homes
- Portland, CO: equally priced homes
Cities with Similar Populations
- Allison Park, PA: equally priced homes
- Apollo Beach, FL: higher priced homes
- Ashtabula, OH: less expensive homes
- Soddy-Daisy, TN: equally priced homes
- Muskego, WI: higher priced homes
- Soledad, CA: higher priced homes
- Hormigueros, PR: less expensive homes
- South Plainfield, NJ: higher priced homes
- Hummelstown, PA: equally priced homes
- Huntingdon Valley, PA: higher priced homes
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