HomeConnecticutNorthwest Hills Planning RegionCanaan CDP
Canaan CDP, Connecticut: commercial real estate data.
Canaan CDP is a Census CDP of 961 people across 1.75 square miles of land, in Northwest Hills Planning Region. Median household income is $48,214, 67.4 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $1.0 m.
66 sourced place values · tier FULL · 7 sections
Canaan
What Canaan is
- Census place typeCDP
- Land area1.75 sq mi
- Water area0 sq mi
- Population per square mile of land551 plus or minus 188
- County holding the largest share of its areaNorthwest Hills Planning Region, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Canaan
How many people live in Canaan
- Population961 plus or minus 328
- Median age38.6 plus or minus 11.9
- Population under 18271 plus or minus 148
- Share under 1828.2 percent plus or minus 12.0
- Population 65 and over132 plus or minus 68
- Share 65 and over13.7 percent plus or minus 5.3
- Households478 plus or minus 145
- Family households241 plus or minus 97
- Share of households that are families50.4 percent plus or minus 13.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Canaan
Income and work in Canaan
- Median household income$48,214 plus or minus $38,210
- Per capita income$38,732 plus or minus $7,741
- Civilian labor force517 plus or minus 192
- Employed482 plus or minus 177
- Unemployed35 plus or minus 40
- Unemployment rate6.8 percent plus or minus 7.3
- Adults 25 and over669 plus or minus 201
- Adults 25 and over with a high school diploma or higher97.6 percent plus or minus 40.6
- Adults 25 and over with a bachelor degree or higher32.1 percent plus or minus 17.0
- Adults 25 and over with a graduate degree3.6 percent plus or minus 4.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Canaan
Housing in Canaan
- Housing units565 plus or minus 176
- Occupied units478 plus or minus 145
- Vacant units87 plus or minus 96
- Vacancy rate15.4 percent plus or minus 16.3
- Owner occupied322 plus or minus 109
- Renter occupied156 plus or minus 101
- Ownership rate67.4 percent
- Median owner-occupied home value$204,200 plus or minus $104,965
- Median gross rent, monthly$1,588 plus or minus $618
- Annual rent as a share of median income39.5 percent plus or minus 34.9
- Single family units372 plus or minus 134
- Share single family65.8 percent
- Units in buildings of two or more137 plus or minus 83
- Share in buildings of two or more24.2 percent plus or minus 12.7
- Mobile homes56 plus or minus 87
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Canaan
How Canaan gets to work
- Workers 16 and over who commute438 plus or minus 161
- Commuting under 15 minutes161 plus or minus 96
- Share commuting under 15 minutes36.8 percent plus or minus 17.4
- Commuting 30 minutes or more127 plus or minus 80
- Share commuting 30 minutes or more29.0 percent plus or minus 14.9
- Drove alone75.9 percent
- Carpooled12.6 percent plus or minus 11.7
- Public transport0.0 percent
- Walked0.2 percent plus or minus 1.0
- Worked from home11.3 percent plus or minus 11.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Canaan
SBA 7(a) lending to Canaan borrowers
- Approvals2
- Gross approval$1,010,000
- Average approval$505,000
- Median approval$1,000,000
- Ninetieth percentile approval$1,000,000
- Largest approval$1,000,000
- Jobs supported5
- Jobs per approval2.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Northwest Hills Planning Region, not Canaan
Northwest Hills Planning Region context, not Canaan figures
These are Northwest Hills Planning Region figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Canaan measurements.
- Establishments in Northwest Hills Planning Region2,909
- Employment at those establishments, Northwest Hills Planning Region31,833
- Covered employment, Northwest Hills Planning Region37,684
- Average annual pay, Northwest Hills Planning Region$64,312
- Average weekly wage, Northwest Hills Planning Region$1,237
- Housing units permitted, Northwest Hills Planning Region141
- Of those, single family, Northwest Hills Planning Region124
- County product, 2024, Northwest Hills Planning Region$6,465,153,000
- Average income of an arriving household, Northwest Hills Planning Region$115,175
Every figure in this section is published for Northwest Hills Planning Region as a whole and is not a measurement of Canaan. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Canaan questions, answered from the record.
How many people live in Canaan, Connecticut?
961, in 478 households. Canaan CDP covers 1.75 square miles of land, which is 551 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Canaan in?
Northwest Hills Planning Region, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Canaan?
$48,214. The median owner-occupied home is valued at $204,200. Median gross rent is $1,588 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Canaan businesses?
2 7(a) approvals totalling $1.0 m, across 2 lenders, median approval $1,000,000. These count approvals to borrowers whose address is in Canaan, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Canaan borrowers get paid back?
No rate is published for Canaan. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Canaan figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Northwest Hills Planning Region as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Canaan.
Is zoning published for Canaan?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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