Market Overview
Home Prices in Hornell, NY
The median home value in Hornell, NY is $115,355 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and down 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hornell are priced72% below average. Hornell is part of the Corning, NY metro area.
Over the past five years, Hornell home values have risen by approximately10.3%, reflecting steady appreciation in this market.
Price History
Hornell Home Price Trend
2020
$89,906
$90K
—
2021
$104,589
$105K
+16.3%
2022
$115,228
$115K
+10.2%
2023
$115,665
$116K
+0.4%
2024
$120,892
$121K
+4.5%
2025
$116,050
$116K
-4.0%
2026
$115,355
$115K
-0.6%
City Comparison
Hornell vs. National Median
🏠 Hornell
$115,355
National Median
$410,000
At $115,355, homes in Hornell cost 72% below the national median of $410,000. This makes Hornell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hornell?
20% Down Payment
$23,071
on $115,355
Monthly P&I
$602/mo
30-yr @ 6.8%
Total Monthly Est.
~$765/mo
incl. taxes & insurance
Income Needed
$30,600
gross annual (30% rule)
10% Down Option
$11,536
+ PMI applies
Loan Amount (20% dn)
$92,284
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 Hornell, NY?
The median home value in Hornell is $115,355 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Hornell?
Over the past year, home values in Hornell have decreased by 0.6%. Over five years, prices have risen approximately 10.3%.
How much do I need to earn to buy a home in Hornell?
To comfortably afford the median home price of $115,355 with a 20% down payment ($23,071) at today's rates (6.8%), you'd need a gross annual income of approximately $30,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Hornell compare to the national average home price?
The national median home value is approximately $410,000. At $115,355, homes in Hornell are 72% below the national average.
What metro area is Hornell part of?
Hornell is part of the Corning, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.