The housing market in 06018 Canaan, CT is flourishing despite the national economic downturn. The median value for homes in this area is $278,500, much lower than the US median value at $338,100. However, this area has seen a greater appreciation rate of 9.34% over the last year compared to the national average of 8.27%. This trend illustrates that this region of Connecticut remains an attractive place for potential homeowners and investors due to its affordability and strong appreciation rates.
The median home cost in Canaan (zip 06018) is $278,500. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Canaan (zip 06018) is up 14.1%.
Average Age of Homes
- The median age of Canaan (zip 06018) real estate is 76 years old
The Rental Market in Canaan (zip 06018)
- Renters make up 26.1% of the Canaan (zip 06018) population
- 4.3% of houses and apartments in Canaan (zip 06018), 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.