Zip 04924 (Canaan, ME) Housing

Canaan, ME is a great place for those seeking an affordable housing option. The median value of homes in Canaan is $202,200 compared to the US median house value of $338,100. This significantly lower median value makes Canaan a great location for budget conscious home buyers. Additionally, while the US housing market saw an appreciation rate of 8.27% over the last year, the appreciation rate for homes in Canaan was 16.46%, which shows that it is a good time to purchase property in this area.

The median home cost in Canaan (zip 04924) is $202,200. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Canaan (zip 04924) is up 20.6%.

Average Age of Homes

- The median age of Canaan (zip 04924) real estate is 29 years old

The Rental Market in Canaan (zip 04924)

- Renters make up 9.6% of the Canaan (zip 04924) population
- 0.0% of houses and apartments in Canaan (zip 04924), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Canaan, Maine	United States
	1,112.0	139,647,020.0
	35	42
	$202,200	$338,100
	20.6%	16.6%
	71.4%	57.0%
	82.1%	101.1%
	$10.40	$10.98
	$1,415	$2,690
	66.5%	57.4%
	17.3%	11.2%
	16.3%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	14.3%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	7.0%	2.4%
	6.1%	2.8%
	17.2%	3.9%
	4.7%	4.5%
	22.3%	11.3%
	22.2%	13.0%
	15.2%	20.1%
	1.9%	13.6%
	2.4%	8.3%
	0.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	14.8%	13.6%
	14.8%	13.6%
	21.3%	13.6%
	14.2%	13.2%
	20.6%	14.8%
	21.3%	13.6%
	1.8%	10.0%
	1.3%	4.7%
	12.6%	12.2%

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