Cordova, TN—38016
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cordova, TN
As of Oct '25, the median home price in Cordova, TN is $295,000, with a year-over-year change of -1.9%. This indicates that home prices in Cordova, TN are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | -1.9% |
| Single Family | $300,000 | -1.6% |
| Condos | $232,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $186,000 | -2.1% |
3 Bed | $265,000 | -1.5% |
4 Bed | $331,000 | -1.8% |
| 5 Bed | $374,000 | -2.6% |
% of Housing Stock
Rental Trends — Cordova, TN
As of July '25, Rentcast reports the average rent in Cordova, TN is $1,920, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Cordova, TN is studios: $1,130, 1-bedrooms: $1,160, 2-bedrooms: $1,270, 3-bedrooms: $1,830, 4-bedrooms: $2,210. The most common rental property sizes in Cordova, TN are 2-bedroom and 1-bedroom, accounting for 40.5% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,890 | $1,920 |
| Studio Rent | $1,050 | $1,130 |
| 1 Bed Rent | $1,180 | $1,160 |
| 2 Bed Rent | $1,220 | $1,270 |
| 3 Bed Rent | $1,800 | $1,830 |
| 4 Bed Rent | $2,190 | $2,210 |
% of Rental Stock
Property Listings — Cordova, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Cordova, TN is 49. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | 4.0% |
Listing Count | 208 | 12.0% |
| Listings as % of Homes | 0.6% | 12.0% |
Days on Market | 49 | 2.0% |
Demographics — Cordova, TN
As of the latest ACS Survey released in 2023, Cordova, TN has a population of 44,400, which has decreased by -7.1% over the past 5 years. Cordova, TN is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 41.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,400 | -7.1% |
% Under 18 | 21.5% | -7.7% |
% Seniors | 13.5% | 16.4% |
% WFH | 9.1% | 175.8% |
% w/ College Degree | 41.5% | 6.7% |
As of the latest ACS Survey released in 2023, Cordova, TN is a predominantly black area, with 53.2% of the population identifying as black. The black population has grown by 10.4% in the last 5 years. The second most common race or ethnicity in Cordova, TN is white, making up 30.8% of the population. Foreign-born residents account for 8.9% of the population in Cordova, TN, and this percentage has increased by 21.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 30.8% | -23.2% |
% Black | 53.2% | 10.4% |
% Hispanic | 7.0% | 42.9% |
% Asian | 4.8% | 4.3% |
% Foreign Born | 8.9% | 21.9% |
Mortgage and Risk — Cordova, TN
Cordova, TN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Cordova, TN
As of 2024, the percent of homes in Cordova, TN under the Section 8 program is 0.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cordova, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,180 | $1,550 |
| 2 Bedroom | $520 | $1,220 | $1,740 |
| 3 Bedroom | $490 | $1,800 | $2,290 |
| 4 Bedroom | $490 | $2,190 | $2,680 |
Affordability — Cordova, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $295,000 |
| Median Household Income | $75,700 |