Canaan, Connecticut.
Typical home $386,162 (+3.0% in a year). Torrington, CT metro.
to buy the typical home at today's mortgage rate — +$1,311 (+183%) since Jan 2020.
- 1 year
- Up $11,322 +3%
- $374,840$386,162 since Sep 2025
- 5 years
- Up $124,043 +47%
- $262,120$386,162 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Canaan$2,027
- Connecticut$2,348
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Canaan, CT rose 3.0% over the past year — faster than the nation's +1.2%.
Living in Canaan, Connecticut
Canaan, in , had 1,190 people in the 2020 census.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Canaan is a very small community in the northwest corner of Connecticut, with a population that keeps its streets and shops familiar to most residents. Homes here are valued at a level that many buyers from larger Connecticut towns would find modest. Winters are cold, with January highs a little above freezing and nights well below it, while July brings warm afternoons. Rain and melted snow add up to a fair amount over the year, so the seasons are distinct and the landscape stays green.
Work. Many people in Canaan have a fairly short trip to work. Among the largest workplaces in town are Super Stop & Shop, the North Canaan School District and Minerals Technologies, which makes tubing and nonferrous metal products. A grocery store, a school district and a manufacturer give the town a mix of retail, public service and industrial jobs.
Things to do. Within town, Bartholomew's Cobble is a protected area, and the Colonel John Ashley House is a museum that sits in or beside Canaan. A short drive away, Lime Rock Park is a race track, and Campbell Falls State Park Reserve offers a protected landscape with a waterfall. For a longer outing, the Norman Rockwell Museum is a longer drive away.
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- 21 mintypical commute
Weather through the year
Coldest in January, with highs near 35° and lows near 14°; warmest in July, with highs near 85° and lows near 58°. About 47 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Falls Village weather station, 6 miles away (NOAA).
Largest workplaces in Canaan
- Super Stop & ShopGrocery stores86
- Stadium SystemProtectors, sports, manufacturing80
- North Canaan School DistrictSchool district53FTE
- Minerals TechnologiesTubing, nonferrous metals, made from purchased metals or scrap38
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 204 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively moderate
- HurricanesRelatively moderate
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across its planning region, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on and the Torrington, CT metro.
Canaan home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Canaan$386,162
- Connecticut$447,319
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Canaan15
Zip codes with a Canaan address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Canaan — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Canaan
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 06018 | Canaan | 2,587 | — | $345,788 |
| 06031 | Falls Village | 1,520 | — | $556,879 |
| 06024 | East Canaan | 634 | — | $353,380 |