There are currently 2,173 real estate properties in Cannon Falls, MN, with a median automated valuation model (AVM) price of $330,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cannon Falls, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cannon Falls, MN, is $386,600.00, with the most expensive house in Cannon Falls, MN, topping out at $11,526,100.00 and the cheapest home in Cannon Falls, MN, clocking in at $62,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Cannon Falls, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cannon Falls, MN, is on a rollercoaster ride. The average rent price in Cannon Falls, MN, is $1,609.00. Indeed, when looking to rent in Cannon Falls, MN, you can expect to pay as little as $760.00 or as much as $2,720.00, with the average rent median estimated to be $1,580.00. The good news is that finding an affordable and desirable property to rent in Cannon Falls, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cannon Falls, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cannon Falls, MN and much more. Save thousands at closing with home foreclosure listings in Cannon Falls, MN — up to 75% off market value!
Cannon Falls is located in Goodhue, Minnesota, with an estimated municipal population of 4,050 residents. All of the best foreclosed homes for sale in Cannon Falls are located in the following zip code areas on Foreclosure.com: 55009. The estimated population per square kilometer (.62 miles) in Cannon Falls is 348.
So, about how much do homes cost in Cannon Falls? The most recent median value of resident-owned homes in Cannon Falls is 179,561. An estimated 71.7 percent of households in Cannon Falls own their homes, with an average family size of 2.94. The median household income in Cannon Falls is 65,943, with32.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cannon Falls, the median commute time of resident workers (in minutes) is 24.9. And last, but certainly not least, are you looking for homes to rent in Cannon Falls? If so, the average rent price paid by renters in Cannon Falls is 890, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cannon Falls, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cannon Falls is 37.8, split between 47.4 percent male versus 52.6 female. The percentage of residents who report being married in Cannon Falls is 53, with an average family size of 2.94.
The percentage of residents who report their race in Cannon Falls is as follows:
| White | 97.8% |
| Black / African American | 0% |
| Asian | 0.3% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.9% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Cannon Falls? Or maybe you are searching for 55+ active adult communities in and/or near Cannon Falls?
The percentage of residents who report their age in Cannon Falls is as follows:
| Under 10 | 13.2% |
| Aged 10-19 | 10.5% |
| 20s | 15.5% |
| 30s | 14.9% |
| 40s | 9.6% |
| 50s | 13.4% |
| 60s | 11.7% |
| 70s | 5.6% |
| 80+ | 5.7% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cannon Falls with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cannon Falls.
How do you know that living in -- or moving to -- Cannon Falls is right where you need to be? Perhaps you grew up in Cannon Falls or already live nearby; therefore, the decision to buy a home in Cannon Falls is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cannon Falls for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cannon Falls:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cannon Falls.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cannon Falls can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cannon Falls, meanwhile, can field multiple offers from more qualified buyers.
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