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

New Canaan, CT has a median modeled monthly cash flow of $-9,112 and a median cap rate of 1.8%, on a median sold price of $2,400,250. Prices changed +9.3% year over year.

What is the average cap rate in New Canaan, CT?

The median cap rate across recently sold homes in New Canaan, CT is 1.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in New Canaan, CT?

The median sold price in New Canaan, CT is $2,400,250 (about $614 per square foot).

Investing in New Canaan, CT Real Estate

A data-driven snapshot of the New 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.

$2,400,250Median sold price

$614Median $/sqft

1.8%Median cap rate

$-9,112Modeled cash flow / mo

+9.3%Appreciation YoY

8.3Months of supply

200Active listings

288Sold (last 12 mo)

What the New Canaan numbers say

In New Canaan, CT, the median home sold for $2,400,250 (about $614 per square foot), and the typical deal models out to a 1.8% cap rate with a median $-9,112 of monthly cash flow. Sold prices moved +9.3% over the past year. Inventory sits at about 8.3 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 New Canaan cash-flowing listings

CashFlowRE ranks every for-sale home in New 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 New Canaan deals, or browse the national market data.