Cordova, TN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cordova, TN Housing Market Trends

With 18,445 people, 2,205 houses or apartments, and a median cost of homes of $387,703, Cordova house prices are not only among the most expensive in Tennessee, Cordova real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Cordova, accounting for 84.96% of the town's housing units. Other types of housing that are prevalent in Cordova include large apartment complexes or high rise apartments ( 6.27%), row houses and other attached homes ( 5.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.43%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cordova. Owner-occupied housing accounts for 71.38% of Cordova's homes, and 78.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cordova built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cordova built between 2000 and later ( 45.91%). A lesser amount of the housing stock also hails from before 1939 ( 1.04%).

Cordova Home Appreciation Rates

Appreciation rates for homes in Cordova have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.90%, which ranks in the top 30% nationwide. This equates to an annual average Cordova house appreciation rate of 3.85%.

Appreciation rates are so strong in Cordova that despite a nationwide downturn in the housing market, Cordova real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cordova appreciation rates continue to be some of the highest in America, at 6.86%, which is higher than appreciation rates in 84.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cordova. Cordova appreciation rates in the latest quarter were at 2.71%, which equates to an annual appreciation rate of 11.27%.

Relative to Tennessee, our data show that Cordova's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$387,703

Cordova, TN HOME PRICES

> $1,271,000
3.6%
3.6%
$953,001 - $1,271,000
2.1%
2.1%
$635,001 - $953,000
7.9%
7.9%
$508,001 - $635,000
5.9%
5.9%
$381,001 - $508,000
8.6%
8.6%
$254,001 - $381,000
15.8%
15.8%
$127,001 - $254,000
54.5%
54.5%
$64,001 - $127,000
0.8%
0.8%
$0 - $64,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TN

Value Relative To Nation

Number Of Homes And Apartments:
2,205

Cordova Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
33.37% 1.38%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,039 / per month

Homeownership Rate

Owners
71.4%
71.4%
Renters
28.6%
28.6%
Vacant
8.1%
8.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
45.9%
45.9%
1970 - 1999
52.4%
52.4%
1940 - 1969
0.7%
0.7%
1939 or Older
1.0%
1.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.0%
85.0%
Townhomes
5.3%
5.3%
Small Apt. Buildings
3.4%
3.4%
Apt. Complexes
6.3%
6.3%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
1.2%
1.2%
2 Bedrooms
8.1%
8.1%
3 Bedrooms
50.0%
50.0%
4 Bedrooms
28.0%
28.0%
5 or more bedrooms
12.3%
12.3%
0.0% 100.0%
% OF HOMES