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These days, finding an affordable place to live in the Cannon Falls area can be challenging. Home prices in Cannon Falls are now at a median cost of $318,700, lower than the Minnesota average of $345,793.
The average cost of rent is $1,104/mo in Cannon Falls, primarily driven by the current value of real estate in the Cannon Falls area. In Cannon Falls, 20.83% of households rent, and 29.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cannon Falls is $7,636 per month. Households that rent pay about 14.45% of their income on rent here. Cannon Falls’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Randolph, MN: higher priced homes
- Dennison, MN: higher priced homes
- New Trier, MN: higher priced homes
- Wastedo, MN: higher priced homes
- Stanton, MN: higher priced homes
- White Rock, MN: higher priced homes
- Sogn, MN: higher priced homes
- Hampton, MN: higher priced homes
- Vasa, MN: higher priced homes
- Miesville, MN: higher priced homes
Cities with Similar Populations
- Wilmore, KY: less expensive homes
- Wittmann, AZ: higher priced homes
- Wisconsin Dells, WI: less expensive homes
- Winthrop Harbor, IL: less expensive homes
- Apalachin, NY: less expensive homes
- Winterville, GA: less expensive homes
- Winterset, IA: less expensive homes
- Winnsboro, TX: less expensive homes
- Winnfield, LA: less expensive homes
- Ardmore, AL: less expensive homes
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