In Canaan, NY (zipcode 12029), the median value of housing is $425,800. That is significantly higher than the median housing value in the United States as a whole, which is currently $338,100. Furthermore, the appreciation rate of houses in Canaan has outperformed the national average over the last year with an appreciation rate of 9.88%, compared to 8.27% nationally. This makes Canaan an attractive option for potential home buyers who are looking for a place to settle down that offers them steady appreciation and a high starting value on their investment.
The median home cost in Canaan (zip 12029) is $425,800. Home appreciation the last 10 years has been 49.3%. Home Appreciation in Canaan (zip 12029) is up 11.8%.
Average Age of Homes
- The median age of Canaan (zip 12029) real estate is 58 years old
The Rental Market in Canaan (zip 12029)
- Renters make up 8.0% of the Canaan (zip 12029) population
- 0.0% of houses and apartments in Canaan (zip 12029), 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.