New Canaan, CT is an affluent town with a median housing value of $1,680,500, making it much more expensive than the US house median value of $338,100. In the past year alone, housing in New Canaan has appreciated at 9.97%, which is higher than the US 1 year appreciation rate of 8.27%. The high median value and impressive appreciation rate can be attributed to New Canaan's desirable location and access to quality amenities and schools.
The median home cost in New Canaan is $1,680,500. Home appreciation the last 10 years has been 46.6%. Home Appreciation in New Canaan is up 15.3%.
Average Age of Homes
- The median age of New Canaan real estate is 51 years old
The Rental Market in New Canaan
- Renters make up 19.0% of the New Canaan population
- 1.0% of houses and apartments in New 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.