Cannon Falls, Minnesota.
Typical home $284,777 (+1.0% in a year). Red Wing, MN metro.
to buy the typical home at today's mortgage rate — +$750 (+101%) since Jan 2020.
- 1 year
- Up $2,807 +1%
- $281,970$284,777 since Sep 2025
- 5 years
- Up $44,426 +18%
- $240,351$284,777 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Cannon Falls$1,495
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in Cannon Falls, MN rose 1.0% over the past year — in step with the nation.
Living in Cannon Falls, Goodhue County, Minnesota
Cannon Falls is a city of 4,220 people in Goodhue County. Half its households earn more than $84,097 a year and half less, against $84,171 across Goodhue County; 9% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Goodhue County was 4.9% in August 2026, and the county had 2.0% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Cannon Falls is a small city in Goodhue County where most homes are lived in by their owners, a higher share than in many places. Household incomes sit close to the county's, and a four-year degree is held by a smaller group of adults than in many towns. Winters are cold, with January the coldest month, while July brings warm days, and the year's rain and melted snow come to a fairly typical amount for the region.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, shops and restaurants and hotels also employing many people. Among the largest workplaces in town are Cannon Falls Public School District, Sweet Harvest Foods Cannon Falls and Cannon Equipment. Across the county, unemployment is higher than a year earlier, though the county has added jobs over the past year, and the typical commute is moderate, with some people working from home.
Things to do. Close by, Lake Byllesby is a reservoir a short drive away, and Welch Village, a ski area, is also a short drive off. Chub Creek, a small river, is another short drive. For a longer outing, Lake Pepin and the Saint Croix River are both a longer drive away.
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- 1,809households
- 25%of adults have a degree
- 9%below the poverty line
- 22 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Goodhue County had 21,796 jobs in 2025, 2.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 23° and lows near 6°; warmest in July, with highs near 82° and lows near 62°. About 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Red Wing Dam weather station, 15 miles away (NOAA).
Largest workplaces in Cannon Falls
- Cannon Falls Public School DistrictSchool district154FTE
- Sweet Harvest Foods Cannon FallsHoney processing110
- Cannon EquipmentPallets, metal, manufacturing99
- SpartanNashSupermarkets and other grocery except convenience stores90
- AmesburyTruth - Cannon FallsScreening, window, plastics, manufacturing76
- City of Cannon FallsCity and town managers' offices68
- Oldcastle InfrastructureOther concrete product manufacturing47
- Mauser Packaging SolutionsReconditioning shipping barrels and drums36
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 10 workplaces with 20 or more staff, 611 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- TornadoesVery high
- Inland floodingVery high
- HailRelatively high
- Winter weatherRelatively high
- Cold wavesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Cannon Falls’ census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Goodhue County and the Red Wing, MN metro.
Cannon Falls home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Cannon Falls$284,777
- Minnesota$348,778
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Cannon Falls17
New listings per month
Sellers arriving at the market.
- Cannon Falls6
Zip codes with a Cannon Falls address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Cannon Falls — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.