Is Canaan, CT a good place to invest in rental property?

Canaan, CT has a median modeled monthly cash flow of $-2,310 and a median cap rate of 1.7%, on a median sold price of $401,500. Prices changed -20.9% year over year.

What is the average cap rate in Canaan, CT?

The median cap rate across recently sold homes in Canaan, CT is 1.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Canaan, CT?

The median sold price in Canaan, CT is $401,500 (about $242 per square foot).

Investing in Canaan, CT Real Estate

A data-driven snapshot of the Canaan, CT rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$401,500Median sold price

$242Median $/sqft

1.6%Median cap rate

$-2,310Modeled cash flow / mo

-20.9%Appreciation YoY

7.6Months of supply

50Active listings

79Sold (last 12 mo)

What the Canaan numbers say

In Canaan, CT, the median home sold for $401,500 (about $242 per square foot), and the typical deal models out to a 1.6% cap rate with a median $-2,310 of monthly cash flow. Sold prices moved -20.9% over the past year. Inventory sits at about 7.6 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Connecticut markets to compare

See Canaan cash-flowing listings

CashFlowRE ranks every for-sale home in Canaan, CT by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Canaan deals, or browse the national market data.