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Foreclosure Homes in Canaan, VT

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26 Vt-route-114-Canaan-VT-05903
Foreclosure
$54,900 List Price

Vt Route 114
Canaan, VT 05903

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Foreclosure Homes in Canaan, VT

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Canaan, VT area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Canaan, VT and much more. Save thousands at closing with home foreclosure listings in Canaan, VT — up to 75% off market value!


Top Reasons To Live In Canaan, VT In 2021

Canaan is located in Essex, Vermont, with an estimated municipal population of 880 residents. All of the best foreclosed homes for sale in Canaan are located in the following zip code areas on Foreclosure.com: 05903 05902. The estimated population per square kilometer (.62 miles) in Canaan is 10.


Cost Of Living In Canaan, VT

So, about how much do homes cost in Canaan? The most recent median value of resident-owned homes in Canaan is 116,833. An estimated 77.5 percent of households in Canaan own their homes, with an average family size of 2.7. The median household income in Canaan is 43,750, with15.6 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 28.5. 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 705, according to recent statistics.


Diversity And Demographics In Canaan, Vermont

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 52.3, split between 50 percent male versus 50 female. The percentage of residents who report being married in Canaan is 60.4, with an average family size of 2.7.

The percentage of residents who report their race in Canaan is as follows:

White 91.4%
Black / African American 6.9%
Asian 0.7%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1%
Other 0%

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 6.6%
Aged 10-19 14.6%
20s 5%
30s 4.4%
40s 15%
50s 19.8%
60s 13.5%
70s 13.5%
80+ 7.6%

Best Schools In Canaan, Vermont

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.


Pros And Cons Of Living In Canaan, Vermont

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:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Canaan.


Reasons To Move To Canaan, Vermont, In 2021

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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