Cannon City, MN has a median housing value of $453,500 which is significantly higher than the US median house value of $338,100. Despite this discrepancy, the appreciation rate for Cannon City homes was only slightly lower than the US average of 8.27%, with a 1 year appreciation rate of 6.66%. While more expensive than most other housing markets in the country, Cannon City still enjoys steady growth in home values.
The median home cost in Cannon City is $453,500. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Cannon City is up 12.2%.
Average Age of Homes
- The median age of Cannon City real estate is 48 years old
The Rental Market in Cannon City
- Renters make up 8.3% of the Cannon City population
- 0.0% of houses and apartments in Cannon City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.