Housing in 55009 Cannon Falls, MN has a median value of $339,000 which is slightly higher than the US House Median Value of $338,100. Over the past year, appreciation for housing in this area has been 6.66%, slightly lower than the national average of 8.27%. In spite of this, real estate in Cannon Falls continues to remain attractive due to its proximity to Minneapolis and other attractions such as state parks and ski resorts. With an overall steady housing market and rich natural resources at its doorstep, 55009 Cannon Falls is a great option for anyone looking for a stable investment in their future.
The median home cost in Cannon Falls (zip 55009) is $339,000. Home appreciation the last 10 years has been 94.0%. Home Appreciation in Cannon Falls (zip 55009) is up 12.2%.
Average Age of Homes
- The median age of Cannon Falls (zip 55009) real estate is 41 years old
The Rental Market in Cannon Falls (zip 55009)
- Renters make up 17.8% of the Cannon Falls (zip 55009) population
- 0.3% of houses and apartments in Cannon Falls (zip 55009), 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.