Performance indicators for the Canaan short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Canaan.
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Challenging to Investors
STRs are explicitly allowed but only in the owner's primary residence with strict caps (max 3 rentals per 6-month period) and extensive regulatory requirements including two distinct permits, inspections, and annual renewals. These constraints—particularly the primary-residency rule and limited frequency—significantly deter investment-scale operations.
Local STR Agent
STR specialist · Canaan, CT
Canaan is a town in Litchfield County, Connecticut, United States. The population was 1,080 at the 2020 census, down from 1,234 at the 2010 census. The town is part of the Northwest Hills Planning Region. The town of Canaan is often referred to locally by the name of its principal settlement, Falls Village.