The story of this market
The typical home in ZIP 55009 sells for about $465,000, or $216 per square foot.
Homes take about 17 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,172 a month.
ZIP 55009 — Cannon Falls
The housing market in 55009 is characterized by low inventory and stable, moderate-to-high price points for single-family homes. Demand remains steady among local families, though the limited number of active listings keeps transaction volume low. Market conditions are currently balanced with little evidence of rapid price appreciation or significant discounting.
This ZIP is best suited for family buyers and those seeking a quiet, rural lifestyle with larger lot sizes, while still maintaining a manageable commute to regional employment centers.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 17 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 7.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 55009, Cannon Falls, MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Cannon Falls Public Schools, which generally maintains a stable reputation within the rural Goodhue County educational landscape.
The region is subject to standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather; flood risk is localized to areas near the Cannon River.
Economic momentum is driven by its role as a rural residential hub with proximity to the Twin Cities metro area, supported by local agricultural and small-business sectors.
Property taxes are assessed at the county level by Goodhue County, with rates determined by local school district levies and municipal assessments; no state-level property tax exists.
Commuting is primarily car-dependent, with residents typically driving toward the Twin Cities or Red Wing via major highway corridors.
The area features access to the Cannon Valley Trail, local parks, and proximity to the Cannon River for outdoor activities.
The rental market is limited in depth, primarily consisting of single-family homes with low vacancy pressure and minimal short-term rental saturation.
The local economy is anchored by agriculture, small-scale manufacturing, and services, with many residents commuting to the broader Twin Cities metropolitan area.
Transportation is almost exclusively private vehicle-based, relying on state highways for regional connectivity.
Development is primarily focused on low-density residential expansion and maintenance of existing rural infrastructure.
Goodhue County Assessor manages property valuations based on market-value assessments conducted periodically.
Parcels are subject to Cannon Falls ISD 252 levies and Goodhue County administrative districts.
Property insurance premiums are influenced by regional weather patterns, with standard coverage available for wind and hail damage.
Minnesota is primarily a judicial foreclosure state with specific statutory redemption periods.
Minnesota law requires sellers to provide a written disclosure of material facts regarding the property's condition.
Data retrieved from Census Reporter profile for Cannon Falls township.
- Treasure Island Resort & Casino3.916.3 mi
- Welch Village Ski & Snowboard Area4.510.1 mi
- Dakota County Fairgrounds4.516.2 mi
- Emerald Greens Golf Course418.4 mi
- Red Barn Farm4.710.5 mi
- Hastings Golf Club & Events4.617.3 mi
- Miesville Ravine Park Reserve4.66.6 mi
- Lake Byllesby Goodhue County Park4.63.1 mi
- John Burch Park4.62.3 mi
- Little Log House Pioneer Village4.911.1 mi
- Vermillion Falls4.617.4 mi
- Pottery Museum of Red Wing4.617.7 mi
- YMCA4.218.8 mi
- Northfield Historical Society4.613 mi
- Miesville Ravine Park Reserve4.66.6 mi
- Lake Byllesby Goodhue County Park4.63.1 mi
- Cannon Valley Trail - Welch Station Access4.89.8 mi
- Hannahs Bend Park4.52.9 mi
- John Burch Park4.62.3 mi
- Treasure Island Resort And Casino Boat Marina4.516.8 mi
- Point St Croix Marina & Pub "The Shrimp Shack"4.619.3 mi
- Red Wing Marina & Boat Rental4.518.5 mi
- Ole Miss Marina Gas Dock4.518.2 mi
- Hidden Greens Golf Course4.613 mi
- Bellwood Oaks Golf Course4.612 mi
- Gopher Hills Golf Course4.47.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular paved trail for cycling and hiking that runs through the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.