The typical owner-occupied home in Cornell is worth about $155,800, 42% below the Wisconsin median of $266,500 and 53% below the national median of $332,700. Owners pay a median $1,434 a year in property taxes, about 0.92% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $55,192 a year, so the median home costs 2.8 times the median income (3.4 times for Wisconsin). 71% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Cornell at a glance
| Cornell | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $155,800 | $266,500 | $332,700 |
| Median property tax paid per year | $1,434 | $3,792 | $3,119 |
| Property tax as a share of value | 0.92% | 1.42% | 0.94% |
| Median household income | $55,192 | $77,485 | $80,734 |
| Homes lived in by their owners | 71% | 68% | 65% |
| Owner homes with a mortgage | 50% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,102 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 19.5% | 21.0% |
| Median rent | $798 | $1,087 | $1,413 |
| Rent as a share of renters' income | 24.9% | 27.2% | 30.6% |
| Median year homes were built | 1965 | 1975 | 1980 |
| Vacant homes | 7.9% | 10.8% | 10.1% |
| Population | 1,307 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Cornell
At this week's average 30-year rate of 7.11%, buying the median Cornell home of $155,800 with 20% down costs about $1,023 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,282, 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 $43,835 for the 20%-down payment. That payment is 22% of the median Cornell household income of $55,192; at that income and 20% down, the 28% guideline points to a home of about $196,000.
The median rent here is $798 a month, so owning the median home costs about $225 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,160 |
|---|---|
| Loan amount | $124,640 |
| Principal and interest | $838 |
| Property taxes (0.92% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,023 |
Change the numbers in the calculator
| Down payment | $5,453 |
|---|---|
| Loan amount | $152,978 |
| Principal and interest | $1,029 |
| Property taxes (0.92% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,282 |
Change the numbers in the calculator
Questions about home buying in Cornell
What is the median home value in Cornell?
About $155,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cornell?
Homeowners pay a median $1,434 a year, which is about 0.92% 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 Cornell?
For the median home with 20% down at 7.11%, the payment is about $1,023 a month. Keeping that under 28% of gross income takes about $43,835 a year.
More about Cornell
- Mortgage Refinance in Cornell
- Debt Relief in Cornell
- Home Equity Loans in Cornell
- 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