Morgan Leone
Cannon Falls Real Estate
Morgan Leone provides expert guidance for buyers and sellers in Cannon Falls. This river valley city offers a distinct blend of historic charm and modern opportunity in the Minnesota real estate market.
The housing stock in Cannon Falls reflects a deep history and steady growth. Data shows that 67% of homes are single-family detached (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates), with a median year built of 1967 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Morgan Leone focuses on helping clients navigate these diverse properties, including townhouses and new construction.
Buyers often look to this area for its accessibility and stable values. The market remains resilient, as evidenced by a 5-year home price change of +41.0% in Goodhue County (Federal Housing Finance Agency House Price Index, 2020 to 2025). Morgan Leone educates every client on these trends, ensuring they feel confident whether they are purchasing a first home or an investment property.
Morgan Leone manages every detail of the transaction personally. Clients work directly with her from the initial search through the final closing. Her local roots and commitment to education help clarify the complexities of military loans, relocation, and multi-family sales in Cannon Falls, Minnesota.
By the numbers
Cannon Falls, MN at a glance
| Population2020–2024 ACS 5-year estimates | 4,227 |
|---|---|
| Housing units2020–2024 ACS 5-year estimates | 1,990 |
| Median home value (owner-occupied)2020–2024 ACS 5-year estimates | $263,300 |
| Median monthly rent2020–2024 ACS 5-year estimates | $1,161 |
| Median annual property tax paid2020–2024 ACS 5-year estimates | $2,791 |
| Homes that are owner-occupied2020–2024 ACS 5-year estimates | 73% |
| Homes that are single-family detached2020–2024 ACS 5-year estimates | 67% |
| Median year homes were built2020–2024 ACS 5-year estimates | 1967 |
| Commutes under 30 minutes2020–2024 ACS 5-year estimates | 65% |
| Home price change, 1 year (Goodhue County)2024 to 2025 | +3.2% |
| Home price change, 5 years (Goodhue County)2020 to 2025 | +41.0% |
| Average 30-year fixed mortgage rate (U.S.)week of 2026-09-24 | 7.03% |
| Average 30-year fixed mortgage rate a year earlier (U.S.)week of 2025-09-18 | 6.26% |
Sources: U.S. Census Bureau, American Community Survey; Federal Housing Finance Agency House Price Index; Freddie Mac Primary Mortgage Market Survey. Published estimates for the area as a whole, not a valuation of any property.
FAQ
Frequently asked questions
What is the median home value in Cannon Falls, Minnesota?↓
The median home value for owner-occupied units is $263,300 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Morgan Leone uses this data to help sellers price their homes competitively and to assist buyers in making informed offers.
Are there many rental opportunities in Cannon Falls?↓
There are 1,990 total housing units in the city (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). The median monthly rent is $1,161 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates), which is a helpful benchmark for those considering investment properties.
What do property taxes look like for a homeowner in Cannon Falls?↓
The median annual property tax paid by residents is $2,791 (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates). Morgan Leone reviews these costs during the home search to ensure the total monthly payment aligns with the buyer's budget.
Is Cannon Falls a good location for commuters?↓
Many residents find the location convenient for travel to nearby employment hubs. Data indicates that 65% of commutes are under 30 minutes (U.S. Census Bureau, American Community Survey, 2020–2024 ACS 5-year estimates).
How have home prices in the area changed recently?↓
In Goodhue County, which includes Cannon Falls, home prices saw a 1-year change of +3.2% (Federal Housing Finance Agency House Price Index, 2024 to 2025). This steady appreciation demonstrates the continued demand for real estate in the region.
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