Real Estate Prices and Overview
Canaan median real estate prices are $102,125, which is more expensive than 44.9% of the neighborhoods
in South Carolina and 25.1% of the
neighborhoods in the U.S.
Average rental prices in Canaan are currently
$451, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 78.3% 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
NeighborhoodScout's exclusive research identifies the Canaan
neighborhood as having one of the highest concentrations of people employed
in manufacturing or as laborers of any neighborhood in America. In fact,
despite the loss of manufacturing jobs nationally, this neighborhood has
40.6% of its working residents employed in such fields, which is a
higher proportion than 95.8% of American neighborhoods.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this 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
What we choose to do for a living reflects who we are. Each neighborhood has
a different mix of occupations represented, and together these tell you about
the neighborhood and help you understand if this neighborhood may fit your lifestyle.
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
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities
and ancestries have different cultural traditions, and as a result, neighborhoods
with concentrations of residents of one or another ethnicities or ancestries
will express those cultures. It is what makes the North End in Boston so fun
to visit for the Italian restaurants, bakeries, culture, and charm, and similarly,
why people enjoy visiting Chinatown in San Francisco.
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.