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Canyon

Learn about the people, housing, costs and businesses in Canyon, California

Median Home$943,250
Median Rent$1,955/month
Population302
Leading IndustriesProfessional Services · Public Administration · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+12.7% over 2 years
Young Adults41% of residentstop 1% nationally
Homeowners80% of occupied units
NotableHighly Educated30% bachelor's · 15% graduate · top 4% nationally
NotableHigh Incomes$132k/year · top 15% nationally
Canyon
CA

Frequently Asked Questions

What are today's mortgage rates in Canyon?

As of today, the 30-year fixed mortgage rate for Canyon is approximately 6.823% (6.856% 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 Canyon?

The median home value in Canyon is $943k. The median monthly rent is $1,955. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canyon?

Home values in Canyon have increased 12.7% 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 Canyon?

Based on a typical all-in ownership cost of $1,989/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $85k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canyon is $132k/year.

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What industries drive the economy in Canyon?

The largest employment sectors in Canyon are public administration (27%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.