Cornwall, NY—12518
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cornwall, NY
Cornwall, NY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $523,000 | 4.0% |
| Single Family | $536,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $366,000 | 3.4% |
3 Bed | $486,000 | 3.8% |
4 Bed | $669,000 | 4.0% |
| 5 Bed | $785,000 | 2.1% |
% of Housing Stock
Rental Trends — Cornwall, NY
As of July '25, Rentcast reports the average rent in Cornwall, NY is $2,900, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Cornwall, NY is 1-bedrooms: $2,110, 2-bedrooms: $2,440, 3-bedrooms: $3,030, 4-bedrooms: $8,000. The most common rental property sizes in Cornwall, NY are 2-bedroom and 1-bedroom, accounting for 53.4% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,100 | $2,110 |
| 2 Bed Rent | $2,500 | $2,440 |
| 3 Bed Rent | $2,800 | $3,030 |
| 4 Bed Rent | $8,000 | $8,000 |
% of Rental Stock
Property Listings — Cornwall, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Cornwall, NY is 41. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $555,000 | -4.0% |
Listing Count | 34 | 80.0% |
| Listings as % of Homes | 0.6% | 80.0% |
Days on Market | 41 | 10.0% |
Demographics — Cornwall, NY
As of the latest ACS Survey released in 2023, Cornwall, NY has a population of 5,730, which has decreased by -4.3% over the past 5 years. Cornwall, NY is a moderately popular place for families, as children make up 19.9% of the population. The area has a highly educated workforce, with 53.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,730 | -4.3% |
% Under 18 | 19.9% | -19.4% |
% Seniors | 21.5% | 20.8% |
% WFH | 11.1% | 4.7% |
% w/ College Degree | 53.6% | 12.4% |
As of the latest ACS Survey released in 2023, Cornwall, NY is a predominantly white area, with 77.2% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Cornwall, NY is hispanic, making up 13.6% of the population. Foreign-born residents account for 6.5% of the population in Cornwall, NY, and this percentage has increased by 75.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.2% | -9.7% |
% Black | 1.0% | -60.0% |
% Hispanic | 13.6% | 41.7% |
% Asian | 5.2% | 550.0% |
% Foreign Born | 6.5% | 75.7% |
Mortgage and Risk — Cornwall, NY
According to HUD data as of 2023, there were 70 mortgage originations in Cornwall, NY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Cornwall, NY. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cornwall, NY
As of 2024, the percent of homes in Cornwall, NY under the Section 8 program is 0.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cornwall, NY, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$400 | $2,100 | $1,700 |
| 2 Bedroom | -$330 | $2,500 | $2,170 |
| 3 Bedroom | -$30 | $2,800 | $2,770 |
| 4 Bedroom | -$5,010 | $8,000 | $2,990 |
Affordability — Cornwall, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $523,000 |
| Median Household Income | $99,800 |