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Cornland

Learn about the people, housing, costs and businesses in Cornland, Illinois

Median Home$156,200
Median Rent$785/month
Population87
Leading IndustriesTransportation · Construction · Agriculture & Mining5% transportation
Home Value Growth⬆⬆⬆+27.4% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners80% of occupied units
NotableHigh Incomes$100k/year · top 17% nationally
NotableAffordable Market$156k median home · lower cost than 72% of the country
Cornland
IL

Frequently Asked Questions

What are today's mortgage rates in Cornland?

As of today, the 30-year fixed mortgage rate for Cornland is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cornland?

The median home value in Cornland is $156k. The median monthly rent is $785. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cornland?

Home values in Cornland have increased 27.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cornland?

Based on a typical all-in ownership cost of $972/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cornland is $100k/year.

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What industries drive the economy in Cornland?

The largest employment sectors in Cornland are public administration (23%) and agriculture and mining (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.