Market Overview
Home Prices in Cornwall, CT
The median home value in Cornwall, CT is $686,986 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.7% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cornwall are priced68% above average. Cornwall is part of the Torrington, CT metro area.
Over the past five years, Cornwall home values have risen by approximately22.5%, reflecting strong long-term appreciation in this market.
Price History
Cornwall Home Price Trend
City Comparison
Cornwall vs. National Median
At $686,986, homes in Cornwall cost 68% above the national median of $410,000. Buyers in Cornwall should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cornwall?
20% Down Payment
$137,397
on $686,986
Monthly P&I
$3,583/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,550/mo
incl. taxes & insurance
Income Needed
$182,000
gross annual (30% rule)
10% Down Option
$68,699
+ PMI applies
Loan Amount (20% dn)
$549,589
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cornwall, CT?
The median home value in Cornwall is $686,986 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.7% year-over-year.
How much have home prices changed in Cornwall?
Over the past year, home values in Cornwall have increased by 2.7%. Over five years, prices have risen approximately 22.5%.
How much do I need to earn to buy a home in Cornwall?
To comfortably afford the median home price of $686,986 with a 20% down payment ($137,397) at today's rates (6.8%), you'd need a gross annual income of approximately $182,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Cornwall compare to the national average home price?
The national median home value is approximately $410,000. At $686,986, homes in Cornwall are 68% above the national average.
What metro area is Cornwall part of?
Cornwall is part of the Torrington, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.