Canaan, NH03741

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$375,000
3.2% YoY Growth
Median Household Income
$78,500
9.6% 5-Year Growth
Days on Market
88
33.0% Longer than last year
Home Price Forecast
N/A
Median Rent
$2,500
33.7% YoY Growth
1-Bed Rent
$1,250
0.7% YoY Growth
2-Bed Rent
$2,500
5.3% YoY Growth
3-Bed Rent
$3,500
N/A

Property Listings — Canaan, NH

As of Oct '25, Realtor.com reports that the median days on market for a home in Canaan, NH is 88. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$456,0003.0%
Listing Count
1417.0%
Listings as % of Homes0.6%17.0%
Days on Market
8833.0%
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Demographics — Canaan, NH

As of the latest ACS Survey released in 2023, Canaan, NH has a population of 4,100, which has increased by 1.7% over the past 5 years. Canaan, NH is a moderately popular place for families, as children make up 15.3% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.

MetricLatest CensusYoY % Change
Population
4,1001.7%
% Under 18
15.3%-7.8%
% Seniors
22.6%48.7%
% WFH
13.4%262.2%
% w/ College Degree
27.1%-3.2%
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As of the latest ACS Survey released in 2023, Canaan, NH is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Canaan, NH is black, making up 3.4% of the population. Foreign-born residents account for 1.7% of the population in Canaan, NH, and this percentage has decreased by 15.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
87.8%-7.3%
% Black
3.4%1,033.3%
% Hispanic
0.0%-100.0%
% Asian
1.5%275.0%
% Foreign Born
1.7%-15.0%
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Mortgage and Risk — Canaan, NH

According to HUD data as of 2023, there were 87 mortgage originations in Canaan, NH, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Canaan, NH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
87
% Conventional Loans
90.0%
% Government Loans
10.0%
% Investor Loans
1.0%
% Second Loans
5.0%
% Cash Out Refinance
14.0%

Loan Activity

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Rentals and Section 8 — Canaan, NH

Canaan, NH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD
26
Total Units Section 8
26
% Rentals under Section 8
N/A
% Occupied Section 8
99.0%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom-$190$1,250$1,060
2 Bedroom-$1,110$2,500$1,390
3 Bedroom-$1,650$3,500$1,850
4 Bedroom-$1,570$3,500$1,930

Affordability — Canaan, NH

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio4.1
Median Home Price$375,000
Median Household Income$78,500

Canaan, NH — ZIP Code Boundary Map

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Frequently Asked Questions