New Canaan, CT
Full City Profile · Connecticut · Western Connecticut Planning Region County
3.5
/5.0
B+
Good
7,032
Population
4,537/sq mi density
$163,355
Median Income
$110,986 per capita
$1,115,600
Home Value
$2,042,076 Zillow
$3,501
Median Rent
30.2% income on rent
50°F
Avg Temperature
275 sunny days/yr
10
Violent Crime/100K
498 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$163,355 median income, 5.4% unemployment
C+
Affordability
2.8 / 5.0
$1,115,600 home value, $3,501/mo rent
D
Safety
1.8 / 5.0
10 violent crimes/100K
A+
Education
5.0 / 5.0
76.6% bachelor's degree or higher
Housing Overview
Median Home Value
$1,115,600
296% above
US avg: $281,900
Median Rent
$3,501/mo
201% above
US avg: $1,163/mo
Homeownership Rate
64.2%
2% below US avg (65.4%)
Total Housing Units
2,976
Median year built: 1967
Home Value by Source
Census Median
$1,115,600
Zillow (ZHVI)
$2,042,076
Median Sale Price
$1,507,384
Median List Price
$1,695,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.2%
Owner-Occupied
35.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,351/mo
1 Bedroom
$1,590/mo
2 Bedroom
$1,955/mo
3 Bedroom
$2,415/mo
4 Bedroom
$2,824/mo
Census median rent:
$3,501/mo
· Zillow rent:
$7,750/mo
Market Indicators (Redfin)
Median Days on Market
20 days
Sale-to-List Ratio
1.1%
Buyers market
Homes Sold
6
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$568
Active Inventory
16
homes for sale
Affordability & Housing Stock
Rent Burden
30.2%
of renters spending 30%+ of income on housing
3% below US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
64.2%
Complete Housing Data
Home Values
| Census Median Value | $1,115,600 |
| Zillow Home Value (ZHVI) | $2,042,076 |
| Median Sale Price | $1,507,384 |
| Median List Price | $1,695,000 |
| Price Per Sq Ft | $568 |
Rent
| Census Median Rent | $3,501 |
| Zillow Rent (ZORI) | $7,750 |
| FMR Studio | $1,351 |
| FMR 1-Bedroom | $1,590 |
| FMR 2-Bedroom | $1,955 |
| FMR 3-Bedroom | $2,415 |
| FMR 4-Bedroom | $2,824 |
Market
| Days on Market | 20 |
| Sale-to-List Ratio | 1.1% |
| Price Drops | 0.0% |
| Homes Sold | 6 |
| Active Inventory | 16 |
| Price Per Sq Ft | $568 |
Ownership & Stock
| Owner-Occupied | 64.2% |
| Renter-Occupied | 35.8% |
| Homeownership Rate | 64.2% |
| Total Housing Units | 2,976 |
| Median Year Built | 1967 |
| Rent Burden | 30.2% |
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