The typical owner-occupied home in Cornwall Bridge is worth about $371,100, about the same as the Connecticut median of $366,900 and 12% above the national median of $332,700. Owners pay a median $4,107 a year in property taxes, about 1.11% of their home's value, lower than the Connecticut rate of 1.81%. 72% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Cornwall Bridge at a glance
| Cornwall Bridge | Connecticut | U.S. | |
|---|---|---|---|
| Median home value | $371,100 | $366,900 | $332,700 |
| Median property tax paid per year | $4,107 | $6,643 | $3,119 |
| Property tax as a share of value | 1.11% | 1.81% | 0.94% |
| Median household income | – | $95,781 | $80,734 |
| Homes lived in by their owners | 72% | 66% | 65% |
| Owner homes with a mortgage | 53% | 65% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,429 | $1,963 |
| Those costs as a share of the owners' income | 21.3% | 21.8% | 21.0% |
| Median rent | $911 | $1,488 | $1,413 |
| Rent as a share of renters' income | 50.0% | 31.4% | 30.6% |
| Median year homes were built | 1953 | 1967 | 1980 |
| Vacant homes | 25.2% | 7.0% | 10.1% |
| Population | 248 | 3,624,508 | 334,922,499 |
What a typical home costs per month in Cornwall Bridge
At this week's average 30-year rate of 7.11%, buying the median Cornwall Bridge home of $371,100 with 20% down costs about $2,495 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,113, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $106,929 for the 20%-down payment.
The median rent here is $911 a month, so owning the median home costs about $1,584 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,220 |
|---|---|
| Loan amount | $296,880 |
| Principal and interest | $1,997 |
| Property taxes (1.11% a year) | $343 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| PMI | $0 |
| Total per month | $2,495 |
Change the numbers in the calculator
| Down payment | $12,988 |
|---|---|
| Loan amount | $364,378 |
| Principal and interest | $2,451 |
| Property taxes (1.11% a year) | $343 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| FHA mortgage insurance | $164 |
| Total per month | $3,113 |
Change the numbers in the calculator
Questions about home buying in Cornwall Bridge
What is the median home value in Cornwall Bridge?
About $371,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cornwall Bridge?
Homeowners pay a median $4,107 a year, which is about 1.11% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cornwall Bridge?
For the median home with 20% down at 7.11%, the payment is about $2,495 a month. Keeping that under 28% of gross income takes about $106,929 a year.
More about Cornwall Bridge
- Mortgage Refinance in Cornwall Bridge
- Debt Relief in Cornwall Bridge
- Home Equity Loans in Cornwall Bridge
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data