Canaan, CT
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Canaan short-term rental market based on reliable data.
Listings
21 / 69
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$29,126
Middle-Earners Revenue
Occupancy
46%
Middle-Earners Occupancy
Home Value
$370,922
Median Home Sale Price
Top Earners
$55,052
Top-Earners Revenue
Canaan
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Canaan.
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Challenging to Investors
Canaan Regulations
STRs are explicitly allowed but only in the owner's primary residence with strict caps (max 3 rentals per 6-month period) and extensive regulatory requirements including two distinct permits, inspections, and annual renewals. These constraints—particularly the primary-residency rule and limited frequency—significantly deter investment-scale operations.
Local STR Agent
STR specialist · Canaan, CT
About Canaan
Canaan is a town in Litchfield County, Connecticut, United States. The population was 1,080 at the 2020 census, down from 1,234 at the 2010 census. The town is part of the Northwest Hills Planning Region. The town of Canaan is often referred to locally by the name of its principal settlement, Falls Village.