HomeMinnesotaGoodhue CountyCannon Falls city
Cannon Falls city, Minnesota: commercial real estate data.
Cannon Falls city is a Census city of 4,227 people across 4.59 square miles of land, in Goodhue County. Median household income is $84,097, 73.3 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $3.5 m.
76 sourced place values · tier FULL · 8 sections
Cannon Falls
What Cannon Falls is
- Census place typecity
- Land area4.59 sq mi
- Water area0.1 sq mi
- Population per square mile of land920
- County holding the largest share of its areaGoodhue County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cannon Falls
How many people live in Cannon Falls
- Population4,227
- Median age43.4
- Population under 18868 plus or minus 205
- Share under 1820.5 percent plus or minus 4.8
- Population 65 and over922 plus or minus 189
- Share 65 and over21.8 percent plus or minus 4.5
- Households1,809
- Family households1,132
- Share of households that are families62.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cannon Falls
Income and work in Cannon Falls
- Median household income$84,097
- Per capita income$38,970
- Civilian labor force2,319
- Employed2,279
- Unemployed40 plus or minus 48
- Unemployment rate1.7 percent plus or minus 2.1
- Adults 25 and over3,186
- Adults 25 and over with a high school diploma or higher93.3 percent
- Adults 25 and over with a bachelor degree or higher24.7 percent plus or minus 7.1
- Adults 25 and over with a graduate degree5.1 percent plus or minus 3.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cannon Falls
Housing in Cannon Falls
- Housing units1,990
- Occupied units1,809
- Vacant units181 plus or minus 121
- Vacancy rate9.1 percent plus or minus 6.0
- Owner occupied1,326
- Renter occupied483 plus or minus 142
- Ownership rate73.3 percent
- Median owner-occupied home value$263,300
- Median gross rent, monthly$1,161 plus or minus $236
- Annual rent as a share of median income16.6 percent plus or minus 4.7
- Single family units1,467
- Share single family73.7 percent
- Units in buildings of two or more429 plus or minus 157
- Share in buildings of two or more21.6 percent plus or minus 7.7
- Mobile homes94 plus or minus 56
- Median year structure built1967
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cannon Falls
How Cannon Falls gets to work
- Workers 16 and over who commute2,068
- Commuting under 15 minutes930 plus or minus 231
- Share commuting under 15 minutes45.0 percent plus or minus 10.4
- Commuting 30 minutes or more717 plus or minus 205
- Share commuting 30 minutes or more34.7 percent plus or minus 9.4
- Drove alone81.8 percent
- Carpooled3.5 percent plus or minus 3.6
- Public transport0.7 percent plus or minus 1.0
- Walked4.6 percent plus or minus 3.5
- Worked from home9.1 percent plus or minus 4.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Cannon Falls
SBA 7(a) lending to Cannon Falls borrowers
- Approvals6
- Gross approval$3,477,300
- Average approval$579,550
- Median approval$200,000
- Ninetieth percentile approval$2,779,000
- Largest approval$2,779,000
- Jobs supported35
- Jobs per approval5.8
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises33.3 percent
- Distinct lenders5
- Distinct industries by NAICS5
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Cannon Falls
SBA 504 lending to Cannon Falls borrowers
- Approvals4
- Gross approval$701,000
- Average approval$175,250
- Median approval$186,000
- Largest approval$209,000
- Jobs supported31
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Goodhue County, not Cannon Falls
Goodhue County context, not Cannon Falls figures
These are Goodhue County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Cannon Falls measurements.
- Establishments in Goodhue County1,294
- Employment at those establishments, Goodhue County18,951
- Covered employment, Goodhue County21,366
- Average annual pay, Goodhue County$60,513
- Average weekly wage, Goodhue County$1,164
- Housing units permitted, Goodhue County86
- Of those, single family, Goodhue County78
- County product, 2024, Goodhue County$3,915,807,000
- County product change over the prior year, Goodhue County0.7 percent
- Average income of an arriving household, Goodhue County$64,721
Every figure in this section is published for Goodhue County as a whole and is not a measurement of Cannon Falls. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Cannon Falls questions, answered from the record.
How many people live in Cannon Falls, Minnesota?
4,227, in 1,809 households. Cannon Falls city covers 4.59 square miles of land, which is 920 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Cannon Falls in?
Goodhue County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Cannon Falls?
$84,097. The median owner-occupied home is valued at $263,300. Median gross rent is $1,161 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Cannon Falls businesses?
6 7(a) approvals totalling $3.5 m, across 5 lenders, median approval $200,000, plus 4 504 approvals worth $701,000. These count approvals to borrowers whose address is in Cannon Falls, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Cannon Falls borrowers get paid back?
No rate is published for Cannon Falls. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Cannon Falls figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Goodhue County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Cannon Falls.
Is zoning published for Cannon Falls?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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