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Cannonsburg

Learn about the people, housing, costs and businesses in Cannonsburg, Michigan

Median Home$512,100
Population198
Leading IndustriesProfessional Services · Manufacturing · Retail5% professional services
Home Value Growth⬆⬆+15.5% over 2 years
Family-Friendly28% of residentswell above average
Homeowners96% of occupied units
NotableHigh Incomes$149k/year · top 4% nationally
Cannonsburg
MI

Frequently Asked Questions

What are today's mortgage rates in Cannonsburg?

As of today, the 30-year fixed mortgage rate for Cannonsburg is approximately 6.872% (6.907% 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 Cannonsburg?

The median home value in Cannonsburg is $512k. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cannonsburg?

Home values in Cannonsburg have increased 15.5% over the past two years. This indicates a strong appreciation trend. 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 Cannonsburg?

Based on a typical all-in ownership cost of $1,804/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cannonsburg is $149k/year.

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What industries drive the economy in Cannonsburg?

The largest employment sectors in Cannonsburg are public administration (19%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.