Cornell, IL 61319 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cornell, IL—61319

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$167,000

12.2% YoY Growth

Household Income

$73,000

7.0% YoY Growth

Days on Market

67.0% Shorter YoY

Home Price Forecast

4.2%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Cornell, IL

As of Dec '25, the median home price in Cornell, IL is $167,000, with a year-over-year change of 12.2%. This indicates that home prices in Cornell, IL are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$167,000	12.2%
Single Family	$167,000	13.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Cornell, IL

Cornell, IL 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

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% of Rental Stock

1 Bedroom

20.0%

2 Bedrooms

16.4%

3 Bedrooms

45.5%

4 Bedrooms

18.2%

Property Listings — Cornell, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Cornell, IL is 7. This is a decrease of -60.0% 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	$127,000	-48.0%
Listing Count	3	-25.0%
Listings as % of Homes	0.7%	-25.0%
Days on Market	35	-67.0%

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Demographics — Cornell, IL

As of the latest ACS Survey released in 2023, Cornell, IL has a population of 1,190, which has decreased by -17.2% over the past 5 years. Cornell, IL is a moderately popular place for families, as children make up 17.6% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,190	-17.2%
% Under 18	17.6%	-1.7%
% Seniors	25.3%	58.1%
% WFH	15.1%	73.6%
% w/ College Degree	16.5%	-18.3%

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As of the latest ACS Survey released in 2023, Cornell, IL is a predominantly white area, with 95.9% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Cornell, IL is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.5% of the population in Cornell, IL, and this percentage has increased by Inf% 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	95.9%	-1.2%
% Black	0.0%	N/A
% Hispanic	1.3%	30.0%
% Asian	0.4%	∞%
% Foreign Born	0.5%	∞%

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Mortgage and Risk — Cornell, IL

Cornell, IL 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

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Rentals and Section 8 — Cornell, IL

Cornell, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	13
Total Units Section 8	0
% 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	$730
2 Bedroom	N/A	N/A	$950
3 Bedroom	N/A	N/A	$1,220
4 Bedroom	N/A	N/A	$1,260

Cornell, IL—61319

Key Metrics at a Glance

Home Price Trends — Cornell, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cornell, IL

% of Rental Stock

Property Listings — Cornell, IL

Demographics — Cornell, IL

Race and Ethnicity

Mortgage and Risk — Cornell, IL

Mortgages

Rentals and Section 8 — Cornell, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Cornell, IL

Home Price to Income Ratio

Cornell, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Blackstone, IL

Ancona, IL

Graymont, IL

Long Point, IL

Streator, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$167,000
Median Household Income	$73,000

Cornell, IL—61319

Key Metrics at a Glance

Home Price Trends — Cornell, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cornell, IL

% of Rental Stock

Property Listings — Cornell, IL

Demographics — Cornell, IL

Race and Ethnicity

Mortgage and Risk — Cornell, IL

Mortgages

Rentals and Section 8 — Cornell, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Cornell, IL

Home Price to Income Ratio

Cornell, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Blackstone, IL

Ancona, IL

Graymont, IL

Long Point, IL

Streator, IL

Frequently Asked Questions

What is the average home price in Cornell, IL 61319?

How have home prices in Cornell, IL 61319 changed over the past year?

What is the home price projection for Cornell, IL 61319?

What are the demographics of Cornell, IL 61319?

How long does it take homes to sell in Cornell, IL 61319?

What is the average rent price in Cornell, IL 61319?