The housing market in Canaan, NY is booming with a median value of $489,300 compared to the US House Median Value of $338,100. The 1 year House Appreciation in Canaan is 9.89%, higher than the 8.27% appreciation rate across the US as a whole. This shows that Canaan is a desirable place to invest in real estate and that property values are continuing to grow steadily.
The median home cost in Canaan is $489,300. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Canaan is up 11.8%.
Average Age of Homes
- The median age of Canaan real estate is 48 years old
The Rental Market in Canaan
- Renters make up 9.7% of the Canaan population
- 0.0% of houses and apartments in Canaan, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.