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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
64%
36%
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 Market20
Sale-to-List Ratio1.1%
Price Drops0.0%
Homes Sold6
Active Inventory16
Price Per Sq Ft$568

Ownership & Stock

Owner-Occupied64.2%
Renter-Occupied35.8%
Homeownership Rate64.2%
Total Housing Units2,976
Median Year Built1967
Rent Burden30.2%