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2025 Compare Cities Housing:
Old Lyme, CT vs New Canaan, CT

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Highlights
- The median age of a home in Old Lyme is 6.8% older than the median age of a home in New Canaan.
 Old Lyme, CTNew Canaan, CTUnited States
 Median Home Age59  Unlock42
 Median Home Cost  Unlock$1,680,500$338,100
 Home Appr. Last 12 months13.4%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock40.9%57.0%
 Home Appr. Last 10 yrs.58.4%  Unlock101.1%
 Property Tax Rate  Unlock$18.4$11.0
 Homes Owned54.3%  Unlock57.4%
 Housing Vacant  Unlock7.0%11.2%
 Homes Rented11.2%  Unlock31.4%
 space
 Avg Rent For Home Or Apartment
 Old Lyme, CTNew Canaan, CTUnited States
 Average Rent  Unlock$3,880$1,840
 Studio Apartment$1,180  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$2,550$1,180
 2 Bedroom Home or Apartment$1,760  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$3,940$1,860
 4 Bedroom Home or Apartment$3,000  Unlock$2,160
 space1
 Vacant Housing
 Old Lyme, CTNew Canaan, CTUnited States
 Vacant For Rent  Unlock1.0%1.9%
 Vacant Rented1.2%  Unlock0.4%
 Vacant For Sale  Unlock1.2%0.7%
 Vacant Sold0.0%  Unlock0.4%
 Vacant Vacation  Unlock1.6%3.6%
 Vacant Other5.1%  Unlock4.1%
 space2
 Owner-Occupied Housing Value
 Old Lyme, CTNew Canaan, CTUnited States
 Less Than $20,000  Unlock0.7%2.6%
 $20,000 to $39,9990.4%  Unlock2.4%
 $40,000 to $59,999  Unlock0.1%2.8%
 $60,000 to $79,9990.5%  Unlock3.9%
 $80,000 to $99,999  Unlock0.0%4.5%
 $100,000 to $149,9991.9%  Unlock11.3%
 $150,000 to $199,999  Unlock0.6%13.0%
 $200,000 to $299,99913.1%  Unlock20.1%
 $300,000 to $399,999  Unlock2.7%13.6%
 $400,000 to $499,99919.6%  Unlock8.3%
 $500,000 to $749,999  Unlock9.8%9.7%
 $750,000 to $999,9993.8%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock23.9%2.2%
 $1,500,000 to $1,999,9991.4%  Unlock0.8%
 $2,000,000 and over  Unlock25.8%1.1%
 space3
 Housing Units By Year Built
 Old Lyme, CTNew Canaan, CTUnited States
 2015 and Newer0.2%  Unlock0.2%
 2010 to 2014  Unlock12.5%13.6%
 2000 to 20096.7%  Unlock13.6%
 1990 to 1999  Unlock7.4%13.6%
 1980 to 19899.8%  Unlock13.2%
 1970 to 1979  Unlock9.5%14.8%
 1960 to 19698.4%  Unlock13.6%
 1950 to 1959  Unlock14.9%10.0%
 1940 to 19499.4%  Unlock4.7%
 1939 or Earlier  Unlock18.4%12.2%
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Reviews for New Canaan    3 Reviews
Dorie · Harlingen, TX
New Canaan
Over 15 years ago

Beautiful town with wonderful people. Great place to raise children, however, it is extremely costly to live  More

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John · New Canaan, CT
cost of living
Over 16 years ago

Agreed, cost of living is too high, too many wall streeters (which have a bad rep nowadays), and diversity is almost non-existant, public schools are average/good but  More

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George · New Canaan, CT
Cost of Living Weighs Heavy
Over 18 years ago

Outside of the other categories, which run very well here; schools are good and competitive, climate is relatively mild, crime is very low, diversity is strong, culture  More

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Learn More About Old Lyme, Connecticut
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Learn More About New Canaan, Connecticut
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