Housing in Canaan, ME is much more affordable than the US median value, with an average price of $202,900. This is just over 60% of the national median. Despite its affordability, it has seen much higher appreciation than the national average over the last year at 16.46%, in comparison to 8.27% nationally. These figures make it a great investment for potential homeowners and shows that demand in the area is strong.
The median home cost in Canaan is $202,900. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Canaan is up 20.6%.
Average Age of Homes
- The median age of Canaan real estate is 29 years old
The Rental Market in Canaan
- Renters make up 9.6% 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.