North Canaan, CT is a desirable place to live due to its high housing median value of $266,600, which is significantly lower than the US house median value of $338,100. The US has seen a one year appreciation of 8.27%, whereas North Canaan has seen an even higher appreciation rate of 9.34%. This indicates that the housing in North Canaan is highly sought after and is continuing to appreciate at a rapid rate.
The median home cost in North Canaan is $266,600. Home appreciation the last 10 years has been 44.2%. Home Appreciation in North Canaan is up 14.1%.
Average Age of Homes
- The median age of North Canaan real estate is 73 years old
The Rental Market in North Canaan
- Renters make up 18.9% of the North Canaan population
- 3.4% of houses and apartments in North 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.