Canaan, CT—06024
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canaan, CT
As of Oct '25, the median home price in Canaan, CT is $341,000, with a year-over-year change of -0.7%. This indicates that home prices in Canaan, CT are flat. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | -0.7% |
| Single Family | $341,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $335,000 | -2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Canaan, CT
Canaan, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
No data available
Property Listings — Canaan, CT
Canaan, CT lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | 1.6% | N/A |
Days on Market | N/A | N/A |
Demographics — Canaan, CT
As of the latest ACS Survey released in 2023, Canaan, CT has a population of 570, which has increased by 41.8% over the past 5 years. Canaan, CT is a less popular place for families, as children make up 6.8% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 570 | 41.8% |
% Under 18 | 6.8% | 300.0% |
% Seniors | 31.9% | 0.9% |
% WFH | 5.3% | 55.9% |
% w/ College Degree | 26.4% | 12.3% |
As of the latest ACS Survey released in 2023, Canaan, CT is a predominantly white area, with 81.1% of the population identifying as white. The white population has shrunk by 16.2% in the last 5 years. The second most common race or ethnicity in Canaan, CT is hispanic, making up 11.2% of the population. Foreign-born residents account for 6.5% of the population in Canaan, CT, and this percentage has decreased by 35.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.1% | -16.2% |
% Black | 0.0% | N/A |
% Hispanic | 11.2% | ∞% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 6.5% | -35.0% |
Mortgage and Risk — Canaan, CT
Canaan, CT lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Canaan, CT
Canaan, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,290 |
| 2 Bedroom | N/A | N/A | $1,600 |
| 3 Bedroom | N/A | N/A | $2,000 |
| 4 Bedroom | N/A | N/A | $2,280 |
Affordability — Canaan, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $341,000 |
| Median Household Income | $79,200 |