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Cannon Falls, MN
Full City Profile · Minnesota · Goodhue County County
3.3
/5.0
B
Good
4,216
Population
919/sq mi density
$80,515
Median Income
$40,437 per capita
$262,100
Home Value
$283,927 Zillow
$983
Median Rent
28.9% income on rent
46°F
Avg Temperature
270 sunny days/yr
25
Violent Crime/100K
1,821 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$80,515 median income, 0.4% unemployment
A+
Affordability
4.9 / 5.0
$262,100 home value, $983/mo rent
F
Safety
1.0 / 5.0
25 violent crimes/100K
C+
Education
2.8 / 5.0
21.9% bachelor's degree or higher
Housing Overview
Median Home Value
$262,100
7% below
US avg: $281,900
Median Rent
$983/mo
15% below
US avg: $1,163/mo
Homeownership Rate
74.8%
14% above US avg (65.4%)
Total Housing Units
1,858
Median year built: 1976
Home Value by Source
Census Median
$262,100
Zillow (ZHVI)
$283,927
Median Sale Price
$244,900
Median List Price
$397,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.8%
Owner-Occupied
25.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$983/mo
Market Indicators (Redfin)
Median Days on Market
81 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
18.2%
of listings with price reduction
Price Per Sq Ft
$261
Active Inventory
11
homes for sale
Affordability & Housing Stock
Rent Burden
28.9%
of renters spending 30%+ of income on housing
7% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
74.8%
Complete Housing Data
Home Values
| Census Median Value | $262,100 |
| Zillow Home Value (ZHVI) | $283,927 |
| Median Sale Price | $244,900 |
| Median List Price | $397,450 |
| Price Per Sq Ft | $261 |
Rent
| Census Median Rent | $983 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
| Days on Market | 81 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.2% |
| Homes Sold | 3 |
| Active Inventory | 11 |
| Price Per Sq Ft | $261 |
Ownership & Stock
| Owner-Occupied | 74.8% |
| Renter-Occupied | 25.2% |
| Homeownership Rate | 74.8% |
| Total Housing Units | 1,858 |
| Median Year Built | 1976 |
| Rent Burden | 28.9% |