Home Insurance in Cornell, Illinois
Homes in Cornell carry a median value of $92,200 - 35% lower than the Livingston County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Cornell was built around 1956. About 52% of homes were built before 1960, about 4 points above Livingston County's 49%.
In Cornell, the housing stock is 88% single-family homes and 4% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 56% of owner-occupied homes in Cornell have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Cornell has an owner-occupancy rate of 70% and a vacancy rate of 11%; unoccupied homes typically need a different coverage form.
89% of homes in Cornell are primarily heated with natural gas.
FEMA rates Livingston County's overall risk as Relatively Low, led by inland flooding (Relatively Moderate). Livingston County had 169 active NFIP flood policies as of September 2026. See the full Livingston County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In Illinois, the statewide average premium for a standard HO-3 homeowners policy is $1,480 per year (NAIC, 2023 data).
Key figures
| Median home value | $92,200 |
|---|---|
| Median year built | 1956 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 56% |
| Top county hazard | Inland Flooding (Relatively Moderate) |
| Active NFIP policies in Livingston County | 169 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)