Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Canaan area can be challenging. Home prices in New Canaan are now at a median cost of $1,370,446, higher than the Connecticut average of $357,181.
The average cost of rent is $2,510/mo in New Canaan, primarily driven by the current value of real estate in the New Canaan area. While nearly 34.06% of residents own their homes outright in New Canaan, 14.93% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Canaan is $18,250 per month. Households that rent pay about 13.75% of their income on rent here. New Canaan's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Scotts Corners, NY: less expensive homes
- Wilton, CT: less expensive homes
- Norwalk, CT: less expensive homes
- Darien, CT: higher priced homes
- Pound Ridge, NY: less expensive homes
- Cannondale, CT: less expensive homes
- Stamford, CT: less expensive homes
- South Salem, NY: less expensive homes
- Westport, CT: less expensive homes
- Bedford, NY: less expensive homes
Cities with Similar Populations
- Hatfield, PA: less expensive homes
- Germantown, WI: less expensive homes
- Glastonbury, CT: less expensive homes
- Glen Avon, CA: less expensive homes
- Gloversville, NY: less expensive homes
- Grain Valley, MO: less expensive homes
- Grand Island, NY: less expensive homes
- Granite Bay, CA: less expensive homes
- Greenfield, CA: less expensive homes
- Greenwood, MS: less expensive homes
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