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Cornwall

Learn about the people, housing, costs and businesses in Cornwall, Connecticut

Median Home$347,893
Median Rent$937/month
Population9,350
Leading IndustriesPublic Administration · Manufacturing · Professional Services26% public administration
Home Value Growth⬆⬆+18.5% over 2 years
Retirees24% of residentsabove average nationally
Homeowners61% of occupied units
NotableVeteran Community8% of residents · top 18% nationally
Cornwall
CT

Frequently Asked Questions

What are today's mortgage rates in Cornwall?

As of today, the 30-year fixed mortgage rate for Cornwall is approximately 6.941% (6.979% 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 Cornwall?

The median home value in Cornwall is $348k. The median monthly rent is $937. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cornwall?

Home values in Cornwall have increased 18.5% 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 Cornwall?

Based on a typical all-in ownership cost of $1,140/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cornwall is $86k/year.

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What industries drive the economy in Cornwall?

The largest employment sectors in Cornwall are public administration (26%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.