55009
Cannon Falls, Minnesota.
Cannon Falls, Goodhue County, MN · Red Wing, MN metro · population 8,127
to buy the typical home at today's mortgage rate — +$999 (+104%) since Jan 2020.
- 1 year
- Up $8,520 +2%
- $365,327$373,847 since Sep 2025
- 5 years
- Up $61,905 +20%
- $311,942$373,847 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.
- 55009$1,962
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 19 years.
Typical home values in zip 55009 rose 2.3% over the past year — faster than the nation's +1.2%.
This zip spans 2 counties: Goodhue County, MN 82% · Dakota County, MN 18%
Zillow also publishes an index for the city itself: Cannon Falls, MN — measured over the city limits, which is a different area from this zip.
Typical home value — 55009
Mid-tier homes, smoothed and seasonally adjusted.
- 55009$373,847
- Red Wing$321,176
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 7.5 | 55018 | Dennison | 969 | — | $419,982 |
| 8.6 | 55065 | Randolph | 1,224 | — | $473,610 |
| 9.9 | 55031 | Hampton | 1,881 | — | $466,526 |
| 11.1 | 55089 | Welch | 1,612 | — | $474,872 |
| 13.2 | 55027 | Goodhue | 2,739 | — | $369,401 |
| 13.5 | 55983 | Wanamingo | 1,874 | — | $302,772 |
| 13.5 | 55053 | Nerstrand | 995 | — | $424,985 |
| 13.9 | 55085 | Vermillion | 371 | — | $344,455 |
| 15.3 | 55992 | Zumbrota | 5,544 | — | $331,052 |
| 15.4 | 55057 | Northfield | 25,650 | $1,756 | $392,809 |
| 15.7 | 55033 | Hastings | 29,674 | $1,630 | $384,069 |
| 16.0 | 55946 | Kenyon | 3,395 | — | $297,632 |
| 16.1 | 55066 | Red Wing | 19,226 | $1,443 | $282,512 |
| 16.6 | 55024 | Farmington | 37,287 | $2,089 | $398,575 |
| 18.4 | 54014 | Hager City | 2,026 | — | $350,275 |
| 19.3 | 54021 | Prescott | 7,346 | — | $414,720 |
| 19.5 | 55019 | Dundas | 2,305 | — | $393,679 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.