Cornville, Arizona Real Estate & Housing Market

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Cornville Housing Information

Index	Cornville	Arizona	National
Median home price	$240,300	$176,900	$184,700
Median rent asked	$897	$937	$949
Avg. people per household	2.0	2.7	2.6
Owner occupied households	87.8%	62.6%	63.6%
Renter occupied households	12.2%	37.4%	36.4%

A general summary of the real estate market in Cornville, AZ is listed above. Properties in Cornville, AZ average a cost of $240,300, which is 36% higher than the median home price for real estate located in Arizona. This means that the region of Cornville, AZ is, on average, less affordable when compared to the remainder of Arizona. Since tenants living in Cornville, AZ will pay an average of $897, the median rental cost is 4% lower than in Arizona. 87.8% of people in Cornville, AZ own their own homes, and an average of 2.0 people inhabit each property. Cornville, AZ has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

Cornville Home Affordability

When starting your search for real estate in Cornville, AZ, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in Cornville, AZ costs $240,300 while each household has an average income of $46,375. Consequently, the ratio of home price to household income is 5.2x; this ratio is 50% higher than the average in Arizona. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in Cornville, AZ. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in Cornville, AZ.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Cottonwood CDP, AZ	186	$76,300	59%
Cottonwood, AZ	11,598	$135,000	27%
Lake Montezuma, AZ	5,227	$139,800	24%
Camp Verde, AZ	11,096	$154,300	16%
Verde Village, AZ	13,287	$156,900	15%
Cornville, AZ	2,647	$240,300	30%

Cities with similar population

City, State	Population	Home Price	National Avg.
Crosby, TX	2,647	$108,700	41%
Enon, OH	2,648	$142,700	23%
Brush Prairie, WA	2,646	$307,000	66%
St. Henry, OH	2,646	$166,900	10%
Carlisle-Rockledge, AL	2,646	$87,900	52%
Cornville, AZ	2,647	$240,300	30%

Source: The Cornville, AZ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).