What is the median home price in Cannon Falls?

The median home price in Cannon Falls, Cannon Falls city, Minnesota is $244,600, which is 13% below the national average of 281,900 ($281,900).

Is Cannon Falls safe?

Cannon Falls, Cannon Falls city, Minnesota has a violent crime rate of 1.2 per 1,000 residents, which is 67% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the median household income in Cannon Falls?

The median household income in Cannon Falls, Cannon Falls city, Minnesota is $76,442, which is near the national average ($74,580).

What is the average rent in Cannon Falls?

The median rent in Cannon Falls, Cannon Falls city, Minnesota is $867 per month. The national average median rent is $1,163/month.

What is the population of Cannon Falls?

The population of Cannon Falls, Cannon Falls city, Minnesota is approximately 4,214. The homeownership rate is 74.3% (national average: 65.9%).

What is the unemployment rate in Cannon Falls?

The unemployment rate in Cannon Falls, Cannon Falls city, Minnesota is 1.6%. The national average unemployment rate is 3.7%. The poverty rate is 5.3% (national average: 12.4%).

Cannon Falls

Cannon Falls city, Minnesota

Affordable

About Cannon Falls

Cannon Falls, Minnesota, offers a refreshing alternative to the soaring costs of living found in many parts of the country. With a population just over 4,200, this charming community boasts a median home value of around $244,600, significantly below the national average. This affordability, combined with a median household income of $76,442, suggests a comfortable lifestyle is within reach for many. Residents enjoy a relaxed pace of life, with a strong sense of community and the tranquility of a small town. The local vibe is friendly and welcoming, making it an attractive destination for those seeking a balance of affordability and quality of life.

From an investment perspective, Cannon Falls presents a stable and appealing real estate market. While specific unemployment figures are not readily available, the healthy median income suggests a robust local economy. The town's relatively low crime rates contribute to a safe and secure environment, ideal for families and individuals alike. The housing market is particularly well-suited for first-time homebuyers, those looking to downsize, or anyone seeking an affordable yet comfortable living situation. Cannon Falls offers a unique blend of affordability, safety, and community spirit, making it a compelling option for those looking to plant roots in a friendly and welcoming environment.

Cannon Falls, Minnesota at a Glance

Cannon Falls is a city in Cannon Falls city, Minnesota with a population of approximately 4,214. The median home value is $244,600 and the median household income is $76,442.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average.. Median rent is $867 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.