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Advertise here →Cannon Falls, MN · Houses & Market Data
Cannon Falls, Minnesota houses and real estate market data.
Houses in Cannon Falls, MN (Goodhue County) — Census median home value $262,100, county listing prices roughly flat over the past year. Market data for Cannon Falls houses and the broader area.
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Cannon Falls, MN is in Goodhue County, Minnesota — this guide covers houses in Cannon Falls and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,216, with a median household income of $80,515. Census data puts Cannon Falls houses at a median value of $262,100 (all owner-occupied homes); Goodhue County's current median listing price runs $357,450, roughly flat over the past year.
Info from government sites and builders may have provided source info.
Market overview
Cannon Falls housing market
Cannon Falls is in Goodhue County, Minnesota. Manifest Census and county price-trend data provide baseline context for houses in Cannon Falls and the surrounding county market.
Median home value (Census ACS)
$262,100
Population (Census ACS)
4,216
Median household income
$80,515
County price trend (2025)
3.18% YoY
Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.
At a glance
Cannon Falls market snapshot
Population
4,216
County
Goodhue County
Median Household Income
$80,515
Median Home Value (city)
$262,100
Median Listing Price (Goodhue County)
$357,450
Median Gross Rent
$983/mo
Price Trend (YoY)
+0.1%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About
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What makes Cannon Falls different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Cannon Falls's median home value — across all owner-occupied homes, not just recent sales — at $262,100. Separately, Goodhue County's current median listing price (via Realtor.com data, 2026-06-01) runs $357,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Goodhue County's FHFA house price index shows a 3.18% annual change in 2025.
Population & Income
Cannon Falls has an estimated population of 4,216 and a median household income of $80,515, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Cannon Falls's Census-reported median home value works out to about 3.3x the area's median household income, and median gross rent runs roughly 15% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
Nearby
Places around Cannon Falls
County guide: Goodhue County — cities, market context, and local resources for the county that includes Cannon Falls.
USAHouses.com also helps visitors looking in nearby Goodhue County and other Minnesota communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.
Nearby communities include Dennison, Red Wing, Goodhue, Wanamingo, Kenyon, Zumbrota, Bellechester, Pine Island, Frontenac, Lake City.
Dennison market data
Nearby city · ~10.2 mi
Red Wing market data
Nearby city · ~14.7 mi
Goodhue market data
Nearby city · ~15.3 mi
Wanamingo market data
Nearby city · ~15.7 mi
Kenyon market data
Nearby city · ~17.6 mi
Zumbrota market data
Nearby city · ~18.7 mi
Bellechester market data
Nearby city · ~21.2 mi
Pine Island market data
Nearby city · ~25.6 mi
Frontenac market data
Nearby city · ~26.5 mi
Lake City market data
Nearby city · ~30.4 mi
More Minnesota cities with market guides: Rochester, Bloomington, Duluth, Brooklyn Park, Plymouth, Woodbury, Lakeville, Blaine.
Rochester market data
Same-state city guide
Bloomington market data
Same-state city guide
Duluth market data
Same-state city guide
Brooklyn Park market data
Same-state city guide
Plymouth market data
Same-state city guide
Woodbury market data
Same-state city guide
Lakeville market data
Same-state city guide
Blaine market data
Same-state city guide
Adjacent-county Census places with USAHouses.com pages: New Trier (~6.4 mi), Randolph (~6.5 mi), Miesville (~6.6 mi), Hampton (~8.4 mi), Vermillion (~11.1 mi), Northfield (~14.5 mi), Hastings (~14.9 mi), Empire (~15.0 mi), Coates (~15.4 mi), Farmington (~16.9 mi), Rosemount (~18.1 mi), Lakeville (~20.9 mi), Apple Valley (~21.9 mi), Inver Grove Heights (~23.1 mi), Mazeppa (~24.1 mi), Eagan (~24.6 mi).
New construction: New homes near Cannon Falls (Minneapolis St Paul) · Minnesota new construction.
Census & home facts
Cannon Falls data from published sources
Population (ACS 2023)
4,216
Median home value (ACS 2023)
$262,100
Median household income (ACS 2023)
$80,515
Median gross rent (ACS 2023)
$983
County FHFA annual change (2025)
3.18%
County median listing price (FRED/Realtor.com) (2026-06-01)
$357,450
Census place type
city
County
Goodhue County
Land area (Census Gazetteer 2024)
4.59 sq mi
Census GEOID
2709730
Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.
NewUSAHouses.com communities
Closest verified new-home communities near Cannon Falls
Availability and pricing are controlled by the builder and may change; confirm with the builder.
Heritage Ridge ↗
Creative Homes · Hastings, Minnesota · ~14.9 mi
Heritage Ridge Villas ↗
Creative Homes · Hastings, Minnesota · ~14.9 mi
Vermillion Commons ↗
Lennar · Farmington, Minnesota · ~15.5 mi · from $318,990
Cannon Ridge ↗
D.R. Horton · Dundas, Minnesota · ~16.5 mi · from $369,990
Fairhill Estate at North Creek ↗
Robert Thomas Homes · Farmington, Minnesota · ~17.0 mi
Local life
Life in Cannon Falls
Schools
Red Wing Public School District — 5 schools, 2,335 students enrolled, per the U.S. Department of Education's Common Core of Data. Goodhue addresses may be served by Red Wing Public School District, but attendance zones vary by street — confirm assigned schools with the district before making a move.
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Common questions
Cannon Falls FAQ
What are houses worth in Cannon Falls, MN?
The Census Bureau's American Community Survey puts the median value of houses in Cannon Falls at $262,100. Goodhue County's current median listing price runs $357,450, roughly flat over the past year.
How much do houses cost in Cannon Falls, MN?
For owner-occupied houses in Cannon Falls, Census ACS data shows a median value of $262,100. Active listing prices in Goodhue County may differ — see the market snapshot above.
What types of houses are in Cannon Falls, MN?
Cannon Falls houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Goodhue County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.
What is the population of Cannon Falls, MN?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Cannon Falls's population at approximately 4,216.
What's the median rent in Cannon Falls, MN?
The Census ACS estimates median gross rent in Cannon Falls at approximately $983 per month.
What is the median household income in Cannon Falls, MN?
Census ACS data puts the median household income in Cannon Falls at approximately $80,515.
Is the Cannon Falls housing market growing?
Goodhue County's FHFA house price index shows a 3.18% annual change in 2025.
Is Cannon Falls, MN affordable relative to income?
Census ACS data puts Cannon Falls's median home value at about 3.3 times the median household income, with median gross rent equal to roughly 15% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
What school district serves Cannon Falls, MN?
Manifest and public school-directory data suggest Red Wing Public School District for many Cannon Falls addresses, but attendance zones vary by street — verify your assigned schools with the district before making a move.
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