Cornell, IL—61319
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cornell, IL
As of Nov '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 | N/A | N/A |
2 Bed | $126,000 | 14.5% |
3 Bed | $185,000 | 14.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Cornell, IL
As of Nov '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 | -38.0% |
Listing Count | 3 | -50.0% |
| Listings as % of Homes | 0.7% | -50.0% |
Days on Market | 7 | -60.0% |
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% |
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% | ∞% |
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 |
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 |
Affordability — Cornell, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $167,000 |
| Median Household Income | $73,000 |