Cornwall, CT 06796 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Cornwall, CT—06796

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$679,000

1.1% YoY Growth

Household Income

$107,000

17.6% YoY Growth

Days on Market

129

33.0% Longer YoY

Home Price Forecast

3.6%

Median Rent

$2,700

N/A

1-Bed Rent

$2,700

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Cornwall, CT

As of Dec '25, the median home price in Cornwall, CT is $679,000, with a year-over-year change of -1.1%. This indicates that home prices in Cornwall, CT are decreasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$679,000	-1.1%
Single Family	$679,000	-1.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

10.3%

2 Bedrooms

15.4%

3 Bedrooms

51.3%

4 Bedrooms

23.1%

Property Listings — Cornwall, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Cornwall, CT is 95. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time 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	$870,000	-12.0%
Listing Count	5	-14.0%
Listings as % of Homes	0.8%	-14.0%
Days on Market	129	33.0%

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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%

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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%

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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%

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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

Cornwall, CT—06796

Key Metrics at a Glance

Home Price Trends — Cornwall, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cornwall, CT

% of Rental Stock

Property Listings — Cornwall, CT

Demographics — Cornwall, CT

Race and Ethnicity

Mortgage and Risk — Cornwall, CT

Mortgages

Rentals and Section 8 — Cornwall, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Cornwall, CT

Home Price to Income Ratio

Cornwall, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Canaan, CT

Goshen, CT

Warren, CT

Sharon, CT

Salisbury, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.6
Median Home Price	$679,000
Median Household Income	$107,000

Cornwall, CT—06796

Key Metrics at a Glance

Home Price Trends — Cornwall, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Cornwall, CT

% of Rental Stock

Property Listings — Cornwall, CT

Demographics — Cornwall, CT

Race and Ethnicity

Mortgage and Risk — Cornwall, CT

Mortgages

Rentals and Section 8 — Cornwall, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Cornwall, CT

Home Price to Income Ratio

Cornwall, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Canaan, CT

Goshen, CT

Warren, CT

Sharon, CT

Salisbury, CT

Frequently Asked Questions

What is the average home price in Cornwall, CT 06796?

How have home prices in Cornwall, CT 06796 changed over the past year?

What is the home price projection for Cornwall, CT 06796?

What are the demographics of Cornwall, CT 06796?

How long does it take homes to sell in Cornwall, CT 06796?

What is the average rent price in Cornwall, CT 06796?