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Canaan

Learn about the people, housing, costs and businesses in Canaan, New Hampshire

Median Home$254,000
Median Rent$1,140/month
Population444
Leading IndustriesManufacturing · Professional Services · Finance & Insurance5% manufacturing
Home Value Growth⬆⬆⬆+29.9% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners77% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Canaan
NH

Frequently Asked Questions

What are today's mortgage rates in Canaan?

As of today, the 30-year fixed mortgage rate for Canaan is approximately 7.035% (7.076% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Canaan?

The median home value in Canaan is $254k. The median monthly rent is $1,140. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canaan?

Home values in Canaan have increased 29.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Canaan?

Based on a typical all-in ownership cost of $1,342/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canaan is $82k/year.

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What industries drive the economy in Canaan?

The largest employment sectors in Canaan are public administration (20%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.