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 Type | 0% |
| One Bedroom | 17.90% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $124,400 |
| Median Price asked for vacant units | $120,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.8 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $393 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 16.20% |
| Simple Mortgage | 47.20% |
| Debt Free | 27.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
