Home Insurance in Cannon Falls, Minnesota
With a median home value of $263,300, Cannon Falls is 8% lower than the Goodhue County median.
The typical home in Cannon Falls was built around 1967. About 43% of homes were built before 1960, about 7 points above Goodhue County's 36%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Cannon Falls is 74% single-family homes, 16% apartments in buildings with 5+ units and 5% mobile or manufactured homes.
75% of owner-occupied homes in Cannon Falls carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 73% of occupied homes in Cannon Falls are owner-occupied.
Most homes in Cannon Falls - 78% - are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
What's the biggest home insurance risk near Cannon Falls? FEMA's National Risk Index points to strong wind (Relatively Moderate) in Goodhue County and Goodhue County had 124 active NFIP flood policies as of September 2026. See the full Goodhue County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Minnesota is $1,988 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $263,300 |
|---|---|
| Median year built | 1967 |
| Owner-occupied share | 73% |
| Share of owner-occupied homes with a mortgage | 75% |
| Top county hazard | Strong Wind (Relatively Moderate) |
| Active NFIP policies in Goodhue County | 124 |
| Home insurance premium | $1,988 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)