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Cannon Beach

Learn about the people, housing, costs and businesses in Cannon Beach, Oregon

Median Home$625,300
Median Rent$1,178/month
Population1,404
Leading IndustriesEducation · Professional Services · Wholesale Trade6% education
Home Value Growth+7.5% over 2 years
Retirees32% of residentstop 5% nationally
Homeowners70% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Cannon Beach
OR

Frequently Asked Questions

What are today's mortgage rates in Cannon Beach?

As of today, the 30-year fixed mortgage rate for Cannon Beach is approximately 6.886% (6.922% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cannon Beach?

The median home value in Cannon Beach is $625k. The median monthly rent is $1,178. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cannon Beach?

Home values in Cannon Beach have increased 7.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cannon Beach?

Based on a typical all-in ownership cost of $1,342/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cannon Beach is $75k/year.

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What industries drive the economy in Cannon Beach?

The largest employment sectors in Cannon Beach are public administration (20%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.