Home prices
The value of the median home in Canaan is $170,300. This is about $121,660 (41%) lower in comparison to its nearby areas.It is about $47,200 (21%) lower in comparison to the rest of the country, and compared to the city of New York is roughly $435,700 (71%) lower.
Rents
In Canaan the median monthly rent is $1,277. It is about $303 (31%) higher in comparison to nearby areas.In comparison to the country as a whole it is approximately $215 (20%) higher, and it is about $166 (11%) lower compared to the city of New York.
Nearby places
Falls Village
Falls Village is about 5 miles south from Canaan. The housing prices there are substantially more expensive. The median home in Falls Village is valued at $272,100, which comes out to $101,800 (37%) higher than Canaan. Rents there are somewhat less expensive. The median rent in Falls Village is $1,100 a month, which works out to $177 (16%) lower than Canaan.
Norfolk
Norfolk is about 6 miles southeast of Canaan. Housing prices there are a little more expensive. The median home in Norfolk is valued at $223,500, which is $53,200 (23%) higher than Canaan. The rent there is significantly less expensive. The median rent in Norfolk is $686 per month, which works out to $591 (86%) lower than Canaan.
Lakeville
Lakeville is about 7 miles southwest of Canaan. The housing prices there are a lot more expensive. The median home price in Lakeville is $337,100, which comes out to $166,800 (49%) higher than Canaan. Rents there are a bit less expensive. In Lakeville the median rent is $1,114 per month, which works out to $163 (14%) lower than Canaan.
Millerton
Millerton is about 9 miles southwest of Canaan. Its real estate prices are a little more expensive. The median home in Millerton is valued at $242,500, which works out to $72,200 (29%) higher than Canaan. Rents there are a lot less expensive. In Millerton the median monthly rent is $955, which comes out to $322 (33%) lower than Canaan.
Great Barrington
Great Barrington is roughly 10 miles north of Canaan. Its real estate prices are significantly more expensive. The median home in Great Barrington is valued at $384,600, which works out to $214,300 (55%) higher than Canaan. The rent there is a bit less expensive. In Great Barrington the median rent is $1,016 per month, which works out to $261 (25%) lower than Canaan.
