Cornwall, CT—06796
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cornwall, CT
As of Oct '25, the median home price in Cornwall, CT is $697,000, with a year-over-year change of -1.2%. This indicates that home prices in Cornwall, CT are decreasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $697,000 | -1.2% |
| Single Family | $697,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $687,000 | -0.7% |
4 Bed | $1,003,000 | -3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cornwall, CT
Cornwall, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,700 | $2,700 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cornwall, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Cornwall, CT is 49. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $977,000 | -20.0% |
Listing Count | 8 | -12.0% |
| Listings as % of Homes | 0.8% | -12.0% |
Days on Market | 49 | -14.0% |
Demographics — Cornwall, CT
As of the latest ACS Survey released in 2023, Cornwall, CT has a population of 843, which has decreased by -9.5% over the past 5 years. Cornwall, CT is a less popular place for families, as children make up 11.0% of the population. The area has a highly educated workforce, with 54.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 843 | -9.5% |
% Under 18 | 11.0% | -21.4% |
% Seniors | 34.8% | -25.5% |
% WFH | 21.5% | 66.7% |
% w/ College Degree | 54.6% | -5.0% |
As of the latest ACS Survey released in 2023, Cornwall, CT is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Cornwall, CT is hispanic, making up 1.5% of the population. Foreign-born residents account for 4.7% of the population in Cornwall, CT, and this percentage has decreased by 25.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.3% | -0.9% |
% Black | 1.1% | 266.7% |
% Hispanic | 1.5% | -44.4% |
% Asian | 0.8% | -55.6% |
% Foreign Born | 4.7% | -25.4% |
Mortgage and Risk — Cornwall, CT
According to HUD data as of 2023, there were 24 mortgage originations in Cornwall, CT, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Cornwall, CT. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 21.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Cornwall, CT
Cornwall, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,090 | $2,700 | $1,610 |
| 2 Bedroom | N/A | N/A | $1,990 |
| 3 Bedroom | N/A | N/A | $2,490 |
| 4 Bedroom | N/A | N/A | $2,840 |
Affordability — Cornwall, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $697,000 |
| Median Household Income | $107,000 |