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Affordable
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These days, finding an affordable place to live in the Cornell area can be challenging. Home prices in Cornell are now at a median cost of $191,281, lower than the Michigan average of $250,415.
The average cost of rent is $710/mo in Cornell, primarily driven by the current value of real estate in the Cornell area. In Cornell, 1.21% of households rent, and 53.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cornell is $5,906 per month. Households that rent pay about 12.02% of their income on rent here. Cornell’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Groos, MI: less expensive homes
- St. Nicholas, MI: equally priced homes
- Riverland, MI: higher priced homes
- Kipling, MI: less expensive homes
- Gladstone, MI: less expensive homes
- Wells, MI: less expensive homes
- Schaffer, MI: higher priced homes
- Perkins, MI: equally priced homes
- Whitney, MI: equally priced homes
- Tesch, MI: equally priced homes
Cities with Similar Populations
- Telephone, TX: higher priced homes
- Jamestown, MO: equally priced homes
- Veazey, GA: higher priced homes
- Judson, IN: higher priced homes
- Utica, MN: higher priced homes
- Upper Mohawk, NJ: higher priced homes
- Turtlepoint, PA: less expensive homes
- Lake Lynn, PA: less expensive homes
- Lake Pocotopaug, CT: higher priced homes
- Thrall, WA: higher priced homes
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