Real Estate Investing in Cannon Falls, Minnesota (55009)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 55009 (Cannon Falls, MN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cannon Falls, MN (55009)?
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Market Analysis: 55009 Cannon Falls
ZIP 55009 in Cannon Falls, MN carries a robust set of headwinds. Home values near $380K and rents of $1,368/mo sit inside a market where underwriting has to be tight.
The 55009 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 55009 sits on the difficult end of the MN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 55009 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 55009 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Cannon Falls:
Property Strategy for 55009
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $284,998 | $1,520 | 3.8% | +6.1% | $142,499 |
| 3BR | $357,581 | $2,020 | 4.1% | +6.4% | $119,194 |
| 4BR | $457,050 | $2,270 | 3.6% | +6.4% | $114,262 |
| 5BR | $521,366 | — | — | +6.7% | $104,273 |
Market Trends
Home Value History (with trend line)
📊 How Does 55009 Compare?
| Metric | 55009 | Cannon Falls | Minnesota |
|---|---|---|---|
| Home Value | $380,102 | $380,102 | $340,597 |
| 5-Year CAGR | 3.8% | 3.8% | 4.9% |
| Avg Rent | $1,368 | $1,368 | - |
| Cap Rate | 2.8% | 2.8% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 55009 (Cannon Falls, MN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $380,102 |
| Monthly Rent | $1,368 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 55009
Population: 8,258
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 55009
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the average home sale price in Cannon Falls, MN?
Median home price in Cannon Falls, MN is near $380K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What investment strategy works best in Cannon Falls, MN?
The best-fit strategy in Cannon Falls, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical rental rate in Cannon Falls, MN?
Rents in Cannon Falls, MN run near $1,368/mo. Compared with median home prices of $380K that produces solid gross yields for typical rentals.
Is house hacking profitable in Cannon Falls, MN?
The house hack math a challenging in Cannon Falls, MN. Owner-occupant buyers benefit from the $1,368/mo rents and $380K home values.
Is rental property easy to operate in Cannon Falls, MN?
Cannon Falls, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.
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