Cannon Falls, Goodhue County, MN

Median Home Price Price

$274,114 $274.1K

Median Monthly Rent Rent

$1,371 $1.4K

17.0x

Market Snapshot

Cannon Falls, Goodhue County, MN is a city market with a median home price of $274,114, a median monthly rent of $1,371, a GRM of 17.0x, and a price-to-rent ratio of 16.7.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

More markets to explore

01 Red Wing, Goodhue County, MN
Top recommendation Nearby alternative Higher GRM Lower rent
High confidence
Price $276.5K
Rent $1.1K
GRM 20.0x
03 Zumbrota, Goodhue County, MN
Nearby alternative Higher GRM Premium price Lower rent
High confidence
Price $312.9K
Rent $994
GRM 26.0x
Explore the data
Region Show
Red Wing
$276K $1.1K 20.0x
Pine Island
$361K $1.3K 23.0x
Zumbrota
$313K $994 26.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Kasson, Dodge County, MN
$310K $1.3K 20.0x
Baxter, Crow Wing County, MN
$349K $1.3K 22.0x
Mankato, Blue Earth County, MN
$288K $1.3K 18.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Brighton, Livingston County, MI
$412K $1.6K 22.0x
Spencer, Clay County, IA
$183K $956 16.0x
Stoutsville, Fairfield County, OH
$308K $1.3K 19.0x

Home prices

Monthly rent

GRM = home price / annual rent

Cannon Falls

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Benchmark comparison

Rent in Cannon Falls, MN is 20.5% higher than Red Wing, MN.

Compare to Red Wing, MN
Cannon Falls, MN
Red Wing, MN
Delta
Median rent
$1,371
$1,138
-$233
Median price
$274,114
$276,489
+$2,375
YoY change
+$80
+$60
-$20
Price-to-rent
16.7x
20.2x
+3.5x

Key takeaways

  • Cannon Falls, Goodhue County, MN has a middle-grm screening profile: At 17.0x GRM, price and rent sit in a less extreme screening range.
  • The investment thesis may depend more on trend quality and local context than on GRM alone.
  • Rent momentum is positive, with median rent up about $80 year over year.
  • Rent in Cannon Falls, MN is 20.5% higher than Red Wing, MN.