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

New Canaan, CT has a median modeled monthly cash flow of $-8,653 and a median cap rate of 1.7%, on a median sold price of $2,437,500. Prices changed +7.0% 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 1.7%, 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 $2,437,500 (about $615 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.

$2,437,500Median sold price

$615Median $/sqft

1.7%Median cap rate

$-8,653Modeled cash flow / mo

+7.0%Appreciation YoY

9.8Months of supply

236Active listings

288Sold (last 12 mo)

What the New Canaan numbers say

In New Canaan, CT, the median home sold for $2,437,500 (about $615 per square foot), and the typical deal models out to a 1.7% cap rate with a median $-8,653 of monthly cash flow. Sold prices moved +7.0% over the past year. Inventory sits at about 9.8 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.