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Canterbury

Learn about the people, housing, costs and businesses in Canterbury, Connecticut

Median Home$334,200
Median Rent$924/month
Population5,124
Leading IndustriesWholesale Trade · Manufacturing · Information & Media9% wholesale trade
Home Value Growth⬆⬆⬆+28.9% over 2 years
Young Adults28% of residentsnear the national average
Homeowners89% of occupied units
NotableVeteran Community8% of residents · top 18% nationally
Canterbury
CT

Frequently Asked Questions

What are today's mortgage rates in Canterbury?

As of today, the 30-year fixed mortgage rate for Canterbury is approximately 6.907% (6.943% 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 Canterbury?

The median home value in Canterbury is $334k. The median monthly rent is $924. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canterbury?

Home values in Canterbury have increased 28.9% 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 Canterbury?

Based on a typical all-in ownership cost of $1,356/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 Canterbury is $103k/year.

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What industries drive the economy in Canterbury?

The largest employment sectors in Canterbury are public administration (22%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.