Real Estate Prices and Overview
Canaan median real estate prices are $102,125, which is more expensive than 45.0% of the neighborhoods
in South Carolina and 25.0% of the
neighborhoods in the U.S.
Average rental prices in Canaan are currently
$564, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 86.2% of South Carolina neighborhoods.
Canaan is a suburban neighborhood (based on population
density) located in Spartanburg, South Carolina.
Canaan real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes.
Most of the residential real estate is owner occupied. Many of
the residences in the Canaan neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in
Canaan. The current real estate vacancy rate here is 17.9%.
This is higher than the rate of vacancies in 80.8% of
all U.S. neighborhoods. This can sometimes be the case in neighborhoods
dominated by seasonal homes (such as vacation areas), and occasionally
it is also found in neighborhoods that are primarily filled with college
students, as some apartments could be vacant when school is not in session.
But often neighborhoods with vacancy rates this high are places that
can be plagued by a protracted vacancy problem. If you live here, you
may find that a number of buildings in your neighborhood are actually empty.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Diversity
Did you know that the Canaan neighborhood has more
Swedish ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.6% of
this neighborhood's residents have Swedish ancestry.
Notable & Unique: Occupations
More people work in manufacturing and as laborers here in the Canaan
neighborhood than in 95.8% of the neighborhoods in America. Despite
the loss of manufacturing jobs across the nation, this neighborhood remains
a place where, compared to other parts of the country, you will find many
laborers and manufacturers.
The Neighbors: Income
There are two complementary measures for understanding the income of a
neighborhood's residents: the average and the extremes. While a neighborhood
may be relatively wealthy overall, it is equally important to understand
the rate of people - particularly children - who are living at or below the
federal poverty line, which is extremely low income. Some neighborhoods with
a lower average income may actually have a lower childhood poverty rate than
another with a higher average income, and this helps us understand the
conditions and character of a neighborhood.
The neighbors in the Canaan neighborhood in Spartanburg are lower-middle income, making it a below average income neighborhood.
NeighborhoodScout's research shows that this neighborhood has an income lower
than 78.3% of U.S. neighborhoods.
With 29.5% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 72.7%
of U.S. neighborhoods.
The Neighbors: Occupations
The old saying "you are what you eat" is true. But it is also true that you
are what you do for a living. The types of occupations your neighbors have
shape their character, and together as a group, their collective occupations
shape the culture of a place.
In the Canaan neighborhood, 40.6%
of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 26.5% of the residents employed.
Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants
(19.9%), and 13.1% in clerical, assistant, and tech support occupations.
The Neighbors: Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves,
Los Angeles' Persian neighborhoods. Each has its own culture derived primarily
from the ancestries and culture of the residents who call these neighborhoods
home. Likewise, each neighborhood in America has its own culture – some more
unique than others – based on lifestyle, occupations, the types of households
– and importantly – on the ethnicities and ancestries of the people who live
in the neighborhood. Understanding where people came from, who their grandparents
or great-grandparents were, can help you understand how a neighborhood is today.
In the Canaan neighborhood in Spartanburg, SC, residents
most commonly identify their ethnicity or ancestry as Irish
(9.3%). There are also a number of people of English ancestry (5.7%) , and residents who report German roots (4.1%) , and some of the residents are also of Swedish ancestry (3.6%) , along with some Mexican ancestry residents (3.0%), among others.
The Neighbors: Languages
The most common language spoken in the Canaan
neighborhood is English, spoken by 94.2% of households. Some people also speak Spanish (4.5%).
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Canaan neighborhood spend
between 15 and 30 minutes commuting one-way to work (47.1% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (92.4%) drive alone in a private automobile to get to work.
In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.6%) . In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.