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Canaan

Canaan

$443,610 Average Value
$265 Average Price per Sq Ft
9 Homes For Sale

Canaan is a mountain town drawing vacationers and second-home buyers

A small town in a scenic setting, Canaan offers a close-knit atmosphere and an outdoorsy lifestyle in the mountains of rural Grafton County. The town initially grew as a stagecoach stop before becoming a summer vacation destination in the late 1800s, a history shared in detail at the Canaan Historical Museum in the town’s original village. People still visit Canaan today to explore the area’s many hiking trails, swimming spots, and racing and equestrian facilities. The town appeals to second-home buyers looking for summer properties with lake and mountain views, though there is also a year-round population of fewer than 4,000 people. The aptly named Church Street features three churches, including Saint Mary’s Catholic Church, which has a 135-year history in Canaan.

Lakefront homes and mountain views east of Lebanon

Mature trees surround many of Canaan’s single-family homes, which rest along mountain roads that sometimes switch from pavement to gravel and dirt. With homes built between the early 1800s and today, the town’s architecture is diverse. The Canaan Historic District features historic Greek Revivals, Georgians and Cape Cods, some of which back up to Canaan Street Lake. The surrounding area features ranch-style homes, log cabins and custom designs. Some properties have mountain views. The median price for a single-family home is around $420,000, on par with the national median. Prices range from $160,000 to $695,000. Properties along waterways rest in or near flood hazard areas, according to flood maps from the Federal Emergency Management Agency.

Outdoor recreation includes backcountry hikes and watersports

With lakes, ponds and mountainous forests, Canaan is an outdoor playground. Boating and swimming are popular pastimes at Canaan Street Lake, which offers ice fishing and snowmobiling when the water freezes over in the winter. Watersports are prohibited in the lake’s southeast end, as it’s Canaan’s water reservoir. Nearby, Mascoma State Forest offers hikers and snowshoers solitude as they trek along less-traveled trails shaded by both hardwood and softwood trees. More trails weave through diverse biomes at Bear Pond Natural Area. Relics of the town’s railroad past dot Reginald E. Barney Depot Park, which offers an access point for the nearly 60-mile Northern Rail Trail. Facilities such as the Heritage Farm Polo Club offer horseback riding and polo lessons. Racing is a favorite activity at the Canaan Motor Club and Canaan Lions Club Motocross Track. The region offers more adventures, from hunting in wildlife management areas and camping at Cardigan Mountain State Park to skiing down the slopes at Whaleback Mountain.

Public and private school options range in ratings, from A to C

The Mascoma Valley Regional School District receives a C overall rating from Niche. Three of the district’s four schools serve Canaan, starting with Canaan Elementary and Indian River Middle, which both earn C-plus ratings. Mascoma Valley Regional High gets a C and offers sophomores, juniors and seniors the chance to take classes at Hartford Area Career and Technical Center.
The A-rated Cardigan Mountain School, a private all-boys boarding school, is a popular alternative. The school, which rests on a peninsula in Canaan Street Lake, is one of the town’s top employers. The college-like campus features an ice arena, where the Cardigan Cougars play competitive ice hockey. The hockey program has produced six National Hockey League players, including Ben Lovejoy, who helped the Pittsburgh Penguins win their fourth Stanley Cup in 2016.

Canaan’s central village features century-old shops and casual eats

The rural village of Canaan serves as the town’s commercial center, home to small businesses, Victorian-style bed-and-breakfasts and humble restaurants, as well as the town library and government offices. Canaan Hardware and Supply has been open since 1923. Chappy’s serves American diner fare. Across the street, Poor House Bar-B-Q is a favorite for plates of smoked meats and comforting sides. The Canaan Farmers and Artisans Market takes over the Town Commons, a small triangular park in the village center, every Sunday from late May to early October. Residents typically drive to Lebanon to shop at national retailers and chain grocery stores.

Canaan Old Home Days celebrates tradition and community

Annual events in Canaan include a town yard sale in September and Christmas in Canaan in December. But the biggest event of the year is Canaan Old Home Days. The festival, held the first weekend of August since 1899, features three full days of events, including a craft fair, a cow flop drop contest and several tournament-style competitions. The main attraction is a themed parade down U.S. Route 4, that offers participants the chance to win prizes.

Getting around Canaan typically requires a car

While Advance Transit provides some bus service to and from Canaan, the town is primarily car dependent. Winding mountain roads lead to U.S. Route 4, a highway connecting several communities across the southern end of Grafton County. Lebanon is 15 miles away, while Hanover, home to Dartmouth Hitchcock Medical Center, is about 20 miles away. Lebanon Municipal Airport offers daily flights to Boston and White Plains, New York. However, residents typically drive more than 75 miles to catch flights out of Manchester-Boston Regional Airport.

DeeVa Payne
Written By
DeeVa Payne

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Canaan Housing Trends

Housing Trends

Median List Price
$405,000
Median Sale Price
$395,000
Median Single Family Sale Price
$405,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
38
Median Home Sale Price YoY Change
7%
Average Price Per Sq Ft
$265

Area Facts

Number of Homes
1,043
Number of Homes for Sale
9
Median Year Built
1979
Months of Supply
2.80
Average Single Family Home Size Sq Ft
1,812
Below the national average
1,929
Median Lot Size Sq Ft
43,560

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Canaan Has More Owners

Demographics

Total Population
4,001
Median Age
48
Population under 18
17.8%
Below the national average
23.8%
Population over 65
26.3%
Above the national average
19.1%

Finances

Median Household Income
$74,865
Below the national average
$79,601
Average Household Income
$94,619

Education and Workforce

High School Graduates
90.4%
On par with the national average
89%
College Graduates
24.3%
Below the national average
34.1%
Advanced Degrees
12.8%
% Population in Labor Force
65.6%

Area Factors

Somewhat Bikeable

Bike Score®®

3 / 100

Car-Dependent

Walk Score®®

2 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Canaan
Adar Fejes
Real Broker NH, LLC
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