North Cornwall, PA housing market
Home prices around North Cornwall have risen about 64% over the past 5 years. Builders were permitted 254 new homes in 2025.
Home values, sales, trends and how North Cornwall compares with the towns next door — updated as new data is published.
Home prices up 64% in 5 years
The federal house price index for the ZIP code around North Cornwall rose 64% over the past 5 years, faster than across Pennsylvania (48%). Last year prices rose 8.1%. Carrying the Census median home value forward with that index puts the typical North Cornwall home at roughly $424,000 today.
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| Year | Change that year | Since 2000 | Pennsylvania since 2000 |
|---|---|---|---|
| 2025 | +8.1% | +164% | +164% |
| 2024 | +7.3% | +144% | +152% |
| 2023 | +9.9% | +128% | +138% |
| 2022 | +16% | +107% | +122% |
| 2021 | +11% | +79% | +96% |
| 2020 | +4.1% | +61% | +79% |
| 2019 | +3.4% | +55% | +72% |
| 2018 | +5.5% | +49% | +66% |
| 2017 | +2.8% | +42% | +59% |
| 2016 | +1.9% | +38% | +53% |
| 2015 | −2.2% | +35% | +49% |
| 2014 | +2.2% | +38% | +46% |
| 2013 | −1.5% | +35% | +43% |
| 2012 | −1.6% | +37% | +42% |
| 2011 | −2% | +40% | +45% |
| 2010 | −2.3% | +43% | +48% |
| 2009 | −1.2% | +46% | +52% |
| 2008 | +1.4% | +48% | +57% |
| 2007 | +4.9% | +46% | +59% |
| 2006 | +7.5% | +39% | +55% |
| 2005 | +9.5% | +29% | +44% |
| 2004 | +6.9% | +18% | +29% |
| 2003 | +3% | +10% | +17% |
| 2002 | +3.4% | +7% | +12% |
| 2001 | +3.5% | +3.5% | +6.2% |
| 2000 | — | — | — |
How North Cornwall ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 17042, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
254 new homes permitted in 2025
Builders were permitted 254 new homes in North Cornwall in 2025: 46 single-family houses and 208 in buildings with two or more homes, worth about $32.9 million to build. That's 28 per 1,000 residents, faster than across Pennsylvania (2). Over the past 10 years, North Cornwall has permitted 889 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 24 | 24 | 0 | $5.7 million |
| 2025 | 254 | 46 | 208 | $32.9 million |
| 2024 | 71 | 35 | 36 | $15.4 million |
| 2023 | 11 | 11 | 0 | $2.6 million |
| 2022 | 143 | 14 | 129 | $14.9 million |
| 2021 | 181 | 86 | 95 | $18.9 million |
| 2020 | 142 | 32 | 110 | $16.1 million |
| 2019 | 40 | 40 | 0 | $4.6 million |
| 2018 | 13 | 13 | 0 | $3.6 million |
| 2017 | 26 | 26 | 0 | $3.8 million |
| 2016 | 8 | 8 | 0 | $1.4 million |
| 2015 | 10 | 10 | 0 | $1.5 million |
| 2014 | 8 | 8 | 0 | $2 million |
| 2013 | 18 | 18 | 0 | $4.2 million |
How North Cornwall ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
North Cornwall and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| North Cornwall | — | +8.1%† | $1,430 | 254 | $78,803 |
| Lebanon | $293K | +5.1% | $1,390 | 13 | $48,456 |
| Cleona | — | +7%† | $1,420 | — | $72,688 |
| South Lebanon | — | +8.1%† | $1,430 | — | $85,120 |
| West Cornwall | — | +5.3%† | $1,480 | — | $84,750 |
| West Lebanon | — | +5.2%† | $1,390 | — | $67,500 |
| Cornwall | — | +8%† | $1,450 | — | $107,583 |
† FHFA price index change, where Zillow has no home value for the town.
3 years of income
The typical North Cornwall home costs about 3 years of the town's median household income, less than across Pennsylvania (3.7 years).
How North Cornwall ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,430
HUD's Fair Market Rent for a two-bedroom in North Cornwall is $1,430 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in North Cornwall pay a median of $1,224, so moving in tends to cost more than staying put. A two-bedroom takes about 22% of the town's median household income.
Studio $1,050 · 4 bedrooms $1,990
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (17042; Lebanon, PA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.