How many renters live in Canaan, New Hampshire?
The City of Canaan has people living in households.
There are renters living in renter households in this City. Renters make up 28.9 percent of the population living in Canaan.
What is the rental market like in Canaan, New Hampshire?
There are an estimated housing units in the Canaan area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Canaan, New Hampshire, there are 1.69 rental units.
What is the vacancy rate for rentals in Canaan?
The rental vacancy rate in Canaan is 41 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Canaan for each bedroom size?
Occupied Rental Units by Size in Canaan
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 47 | 0 | 1 | 0 |
Occupied Rental Units by Size in Canaan
A large number of apartments in Canaan have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Canaan
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $891 to $1,940. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $891 |
| One BR | $1,001 |
| Two BR | $1,315 |
| Three BR | $1,708 |
| Four BR | $1,940 |
2024 Fair Market Rents in Canaan, New Hampshire
How many units are rented at Fair Market Rent (FMR) in Canaan?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 47 | 100 percent |
Rental Units Below FMR in Canaan, New Hampshire
How many affordable rental units are in Canaan?
There are a variety of federal affordable housing programs serving households in Canaan, New Hampshire including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance |
Tracked Units by Federal Program in Canaan, New Hampshire
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Canaan, New Hampshire
Canaan features 24 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Canaan, New Hampshire
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Canaan.
Housing Choice Vouchers in Canaan, New Hampshire
On average, Section 8 Housing Choice vouchers pay Canaan landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Canaan.
The maximum amount a voucher would pay on behalf of a low-income tenant in Canaan, New Hampshire for a two-bedroom apartment is between $1,184 and $1,447.
Sourced from federal housing data and AffordableHousingOnline.com research.