Cornell, MI—49818
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cornell, MI
As of Oct '25, the median home price in Cornell, MI is $194,000, with a year-over-year change of 8.6%. This indicates that home prices in Cornell, MI are increasing. According to Zillow, the 1-year price projection is 4.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | 8.6% |
| Single Family | $194,000 | 9.0% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cornell, MI
Cornell, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Cornell, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Cornell, MI is 49. This is a decrease of -71.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | 34.0% |
Listing Count | 3 | -62.0% |
| Listings as % of Homes | 0.1% | -62.0% |
Days on Market | 49 | -71.0% |
Demographics — Cornell, MI
As of the latest ACS Survey released in 2023, Cornell, MI has a population of 1,210, which has increased by 24.7% over the past 5 years. Cornell, MI is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 13.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,210 | 24.7% |
% Under 18 | 24.0% | 37.1% |
% Seniors | 25.4% | 23.9% |
% WFH | 5.8% | 28.9% |
% w/ College Degree | 13.8% | -27.7% |
As of the latest ACS Survey released in 2023, Cornell, MI is a predominantly white area, with 92.7% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Cornell, MI is hispanic, making up 0.7% of the population. Foreign-born residents account for 1.1% of the population in Cornell, MI, and this percentage has decreased by 67.6% 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 | 92.7% | -6.0% |
% Black | 0.0% | N/A |
% Hispanic | 0.7% | 75.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.1% | -67.6% |
Mortgage and Risk — Cornell, MI
Cornell, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Cornell, MI
Cornell, MI 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 | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $960 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Cornell, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $194,000 |
| Median Household Income | $56,500 |