Canova, NM
Population 454 · New Mexico
About Canova, NM
Canova is a small community located in New Mexico with a population of 454 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 30.2 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Canova features a median home value of $0, which is 100% below the national median of $244,900. This makes Canova one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 127 total housing units, 100% are owner-occupied (76 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Canova shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Canova have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
68.6% of Canova residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 100.0% Asian residents, with 0.0% of the population being foreign-born.
How Canova Ranks in New Mexico
Cost of Living in Canova, NM
Compared to national averages, Canova has a median household income of $0 (100% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Canova's income is 100% below the state average of $67,435, and home values are 100% below the state median of $233,762.
Why Live in Canova, NM?
Canova offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 68.6% of residents hold a bachelor’s degree or higher, and a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Canova’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Canova has a population of 454 with a median age of 30.2 years. Compare Canova with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Canova
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cochiti Lake | 453 | $54,861 | $208,100 | Compare |
| Red River | 456 | $0 | $432,400 | Compare |
| Fort Wingate | 451 | $250,001 | $0 | Compare |
| Nenahnezad | 451 | $37,212 | $81,900 | Compare |
| Ojo Encino | 451 | $28,750 | $93,300 | Compare |
| Ramah | 458 | $111,462 | $222,400 | Compare |
| La Madera CDP (Sandoval County), New Mexico | 459 | $157,813 | $765,000 | Compare |
| Sunshine | 465 | $0 | $158,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Canova With Other Cities
Frequently Asked Questions about Canova
What is the population of Canova, NM?
The population of Canova, NM is 454 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Canova?
The median household income in Canova, NM is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Canova?
The median home value in Canova, NM is $0, which is 100% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Canova?
The median monthly rent in Canova, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Canova?
The unemployment rate in Canova, NM is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Canova, NM a good place to live?
Canova offers a moderate cost of living, affordable housing, and a strong job market. With a population of 454 and a median age of 30.2, the city appeals to young professionals and families.
How educated is Canova, NM?
68.6% of residents in Canova aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Canova?
Key cost-of-living indicators for Canova, NM: median home value is $0 (100% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is NaNx, a moderate figure by national standards.
What is the poverty rate in Canova?
The poverty rate in Canova, NM is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Canova, NM?
Canova's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 100.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.