Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Canaan area can be challenging. Home prices in South Canaan are now at a median cost of $389,500, higher than the Connecticut average of $357,181.
The average cost of rent is $1,104/mo in South Canaan, primarily driven by the current value of real estate in the South Canaan area. While nearly 45.75% of residents own their homes outright in South Canaan, 15.99% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Canaan is $9,051 per month. Households that rent pay about 12.20% of their income on rent here. South Canaan's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Falls Village, CT: higher priced homes
- East Canaan, CT: less expensive homes
- Canaan, CT: less expensive homes
- Lime Rock, CT: higher priced homes
- Norfolk, CT: less expensive homes
- Salisbury, CT: higher priced homes
- Ashley Falls, MA: less expensive homes
- West Cornwall, CT: higher priced homes
- Lakeville, CT: higher priced homes
- Southfield, MA: equally priced homes
Cities with Similar Populations
- Paint Bank, VA: less expensive homes
- Paradox, CO: less expensive homes
- Paradise, MO: less expensive homes
- Paradise Hot Springs, ID: less expensive homes
- Paradise Hill, OK: less expensive homes
- Paradise, AZ: less expensive homes
- Panoche, CA: equally priced homes
- Pankeyville, IL: less expensive homes
- Palisades, ID: less expensive homes
- Paris Station, NY: less expensive homes
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