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Cannon Falls, MN Real Estate


According to census data in the year 2000 there were 1,611 housing units in Cannon Falls. This represents a 25.7% growth from 1,282 in 1990.

Of those housing units, 1,559 were located in either urbanized areas or urban clusters, and 52 were located in what is classified as a rural area.

Homeownership rate in Cannon Falls is about 74%. Cannon Falls's vacancy rate, including seasonal lodging, is about 3.7%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Cannon Falls were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom17.90%
Two Bedrooms27.90%
Three Bedrooms38.40%
Four Bedrooms13%
Five Bedrooms or more2.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1973
Median Value of occupied units$124,400
Median Price asked for vacant units$120,000

Rented Homes, Apartments and Condos

Average Household Size1.8
Median year structure was built1963
Median Monthly Rent asked for vacant units$393

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.10%
Second Mortgage8.20%
Home Equity Loan16.20%
Simple Mortgage47.20%
Debt Free27.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%