Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Canaan, ME area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Canaan, ME and much more. Save thousands at closing with home foreclosure listings in Canaan, ME — up to 75% off market value!
Canaan is located in Somerset, Maine, with an estimated municipal population of 2,418 residents. All of the best foreclosed homes for sale in Canaan are located in the following zip code areas on Foreclosure.com: 04924. The estimated population per square kilometer (.62 miles) in Canaan is 22.
So, about how much do homes cost in Canaan? The most recent median value of resident-owned homes in Canaan is 126,578. An estimated 75.3 percent of households in Canaan own their homes, with an average family size of 3.1. The median household income in Canaan is 53,632, with16.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Canaan, the median commute time of resident workers (in minutes) is 31.4. And last, but certainly not least, are you looking for homes to rent in Canaan? If so, the average rent price paid by renters in Canaan is 799, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Canaan, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Canaan is 35, split between 52.6 percent male versus 47.4 female. The percentage of residents who report being married in Canaan is 59, with an average family size of 3.1.
The percentage of residents who report their race in Canaan is as follows:
| White | 98.4% |
| Black / African American | 1% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.4% |
| Other | 0.2% |
Looking for family-friendly neighborhoods in and/or near Canaan? Or maybe you are searching for 55+ active adult communities in and/or near Canaan?
The percentage of residents who report their age in Canaan is as follows:
| Under 10 | 19.3% |
| Aged 10-19 | 10.3% |
| 20s | 13.7% |
| 30s | 14.7% |
| 40s | 12.4% |
| 50s | 9.2% |
| 60s | 11.9% |
| 70s | 4.3% |
| 80+ | 4.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Canaan with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Canaan.
How do you know that living in -- or moving to -- Canaan is right where you need to be? Perhaps you grew up in Canaan or already live nearby; therefore, the decision to buy a home in Canaan is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Canaan for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Canaan:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Canaan.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Canaan can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Canaan, meanwhile, can field multiple offers from more qualified buyers.
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