Quick facts: Canaan, NY

Quick Facts

113.7
Cost of Living
above US average
1,615
Population
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$575,000
Median House Price
above US average
$4150.0
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $0.

🏠

Income Needed to Buy

βœ— Stretch
$180k/year
Based on $575,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $180k vs median $0
🏒

Income Needed to Rent

⚠ Stretch
$178k/year
Based on $4150.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $178k vs median $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Canaan, NY

Canaan, NY, is a charming rural town located in Columbia County, nestled in the scenic Hudson Valley region of New York State. Known for its picturesque landscapes and rich agricultural heritage, the town offers a peaceful, small-town atmosphere ideal for outdoor enthusiasts and those seeking a quieter lifestyle. Surrounded by rolling hills and lush greenery, Canaan features a mix of farmlands, forests, and quaint residential areas. The town is home to several parks and nature reserves, providing ample opportunities for hiking, fishing, and exploring the outdoors. Canaan has a tight-knit community with local events and gatherings that foster a friendly and welcoming environment. Proximity to larger towns like Chatham and the cultural hubs of Hudson and Lenox, MA, enhances access to dining, shopping, and entertainment options while maintaining the charm of a rural setting. With a focus on preservation and sustainability, Canaan embodies the spirit of the Hudson Valley, making it a hidden gem for those looking to experience nature, community, and tranquility.

πŸ” Search & Compare Places

First Location πŸ“