Cornelius, OR—97113
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cornelius, OR
As of Oct '25, the median home price in Cornelius, OR is $487,000, with a year-over-year change of -1.2%. This indicates that home prices in Cornelius, OR are decreasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $487,000 | -1.2% |
| Single Family | $487,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $405,000 | -1.2% |
3 Bed | $467,000 | -1.5% |
4 Bed | $560,000 | -2.1% |
| 5 Bed | $656,000 | -1.4% |
% of Housing Stock
Rental Trends — Cornelius, OR
As of July '25, Rentcast reports the average rent in Cornelius, OR is $2,040, with a year-over-year rent change of -11.7%. Per bedroom, the median rent as of July '25 in Cornelius, OR is 1-bedrooms: $1,320, 2-bedrooms: $1,580, 3-bedrooms: $2,530, 4-bedrooms: $2,700. The most common rental property sizes in Cornelius, OR are 2-bedroom and 3-bedroom, accounting for 49.9% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,320 |
| 2 Bed Rent | $1,600 | $1,580 |
| 3 Bed Rent | $2,520 | $2,530 |
| 4 Bed Rent | $2,500 | $2,700 |
% of Rental Stock
Property Listings — Cornelius, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Cornelius, OR is 53. This is a increase of 8.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | -4.0% |
Listing Count | 62 | 25.0% |
| Listings as % of Homes | 0.9% | 25.0% |
Days on Market | 53 | 8.0% |
Demographics — Cornelius, OR
As of the latest ACS Survey released in 2023, Cornelius, OR has a population of 15,600, which has increased by 5.3% over the past 5 years. Cornelius, OR is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,600 | 5.3% |
% Under 18 | 22.5% | -17.0% |
% Seniors | 15.5% | 44.9% |
% WFH | 10.2% | 88.9% |
% w/ College Degree | 17.8% | 8.5% |
As of the latest ACS Survey released in 2023, Cornelius, OR is a predominantly hispanic area, with 47.2% of the population identifying as hispanic. The hispanic population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Cornelius, OR is white, making up 45.5% of the population. Foreign-born residents account for 23.5% of the population in Cornelius, OR, and this percentage has decreased by 4.9% 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 | 45.5% | -5.8% |
% Black | 0.9% | 0.0% |
% Hispanic | 47.2% | 1.9% |
% Asian | 2.2% | 22.2% |
% Foreign Born | 23.5% | -4.9% |
Mortgage and Risk — Cornelius, OR
According to HUD data as of 2023, there were 261 mortgage originations in Cornelius, OR, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Cornelius, OR. Investor activity is low, as 0.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 261 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Cornelius, OR
As of 2024, the percent of homes in Cornelius, OR under the Section 8 program is 3.0%. 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 Cornelius, OR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,250 | $1,660 |
| 2 Bedroom | $300 | $1,600 | $1,900 |
| 3 Bedroom | $90 | $2,520 | $2,610 |
| 4 Bedroom | $560 | $2,500 | $3,060 |
Affordability — Cornelius, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $487,000 |
| Median Household Income | $93,100 |