ZIP Code 06018 — Canaan, CT Home Prices (2026)
The typical home in ZIP 06018 (Canaan, Connecticut) is worth about $356,000 at roughly $204 per square foot — 1% more affordable than the Canaan median and 21% more expensive than the typical U.S. home.
How 06018 compares
ZIP 06018 is one of the more affordable ZIP codes in Canaan: its typical home value of $356,000 ranks #3 of the 3 Canaan ZIP codes we track (the citywide range runs from $356,000 in 06018 to $572,000 in 06031). Per square foot it costs about $204, against $258 for Canaan as a whole, $263 for Connecticut, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 06018 | $356,000 | $204 |
| Canaan, CT | $359,000 | $258 |
| Connecticut | $449,500 | $263 |
| United States | $294,000 | $195 |
Home value by size in 06018
Using this ZIP’s rate of about $204 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $204,000 |
| 1,500 sq ft | $306,000 |
| 2,000 sq ft | $408,000 |
| 2,500 sq ft | $510,000 |
| 3,000 sq ft | $612,000 |
Salary needed to buy a home in ZIP 06018
To buy the typical $356,000 home in ZIP 06018 with 20% down, you need a household income of roughly $97,000 a year (about $2,260 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $115,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $17,800 | $2,810/mo | $120,000/yr |
| 10% (+PMI) | $35,600 | $2,690/mo | $115,000/yr |
| 20% | $71,200 | $2,260/mo | $97,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 06018
At about $204 per square foot, here is roughly how much home different budgets get you in ZIP 06018:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 980 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1230 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1470 sq ft | around the typical home here |
| $400k | 1960 sq ft | around the typical home here |
| $500k | 2450 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 06018 home.
Estimate a specific home in 06018
The estimator below is pre-set to ZIP 06018 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Canaan ZIP codes by home value
Where 06018 sits among Canaan’s 3 ZIP codes:
ZIP 06018 home prices: frequently asked
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See the full Canaan home values page, all Connecticut cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.