Cordova, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cordova Neighborhoods Since 2000




Cordova, TN Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cordova Housing Market Information

With 18,369 people, 2,351 houses or apartments, and a median cost of homes of $251,894, Cordova real estate is some of the most expensive in Tennessee, although Cordova home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cordova, accounting for 88.77% of the town's housing units. Other types of housing that are prevalent in Cordova include row houses and other attached homes ( 4.28%), large apartment complexes or high rise apartments ( 3.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.76%).

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 80.01% of Cordova's homes, and 83.21% 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 ( 45.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.30%).

Cordova Home Appreciation Rates

Cordova's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cordova during the period has been just -1.15%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Cordova's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Cordova's appreciation rate has been 0.35%, which annualizes to a rate of 1.41%.

Relative to Tennessee, our data show that Cordova's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$251,894

Cordova, TN HOME PRICES

Value Range
> $1,096,000 1.7
$821,001 - $1,096,000 2.2
$548,001 - $821,000 4.6
$438,001 - $548,000 4.0
$329,001 - $438,000 7.3
$219,001 - $329,000 16.2
$110,001 - $219,000 50.5
$55,001 - $110,000 10.5
$0 - $55,000 3.2

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
22.2196179538263 6.12244897959184

Number Of Homes And Apartments:
2,351

Cordova Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-4.72% -0.28% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,540 / per month

Homeownership Rate

Homeownership
Owners 80.01
Renters 19.99
Vacant 5.20

Housing Market Details

 

Age of Homes

AGE OF Cordova HOMES
2000 or Newer 45.9
1970 - 1999 49.2
1940 - 1969 4.3
1939 or Older 0.5

Types of Homes

TYPE OF Cordova HOMES
Single-Family 88.8
Townhomes 4.3
Small Apt. Buildings 2.8
Apt. Complexes 3.3
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Cordova HOMES
No Bedroom 0.40
1 Bedroom 1.25
2 Bedrooms 6.89
3 Bedrooms 54.88
4 Bedrooms 28.32
5 or more bedrooms 8.25