Cordova-Appling Home Prices & Values

$129,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.8% 1-year change
  • 3.3% 1-year forecast

Market Temperature: WarmWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Cordova-Appling is $129,400. Cordova-Appling home values have gone up 3.8% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Cordova-Appling is $69, which is higher than the Memphis average of $57. The median price of homes currently listed in Cordova-Appling is $143,900 while the median price of homes that sold is $126,015. The median rent price in Cordova-Appling is $1,150, which is higher than the Memphis median of $850.

Foreclosures will be a factor impacting home values in the next several years. In Cordova-Appling 11.3 homes are foreclosed (per 10,000). This is greater than the Memphis value of 9.1 and also greater than the national value of 4.3

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Relative ZHVI
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Cordova-Appling Market Overview

Data through Jun 30, 2014
  • $129,400 ZHVI
  • 3.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $143,900 Median listing price
  • $126,015 Median sale price
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Cordova-Appling Market Health

Data through Jun 30, 2014
  • 1.1/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

11.3 homes Cordova-Appling
9.1 homes Memphis
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
River Oaks-Kirby-Balmoral $163,100 Eads-Fisherville $125,800 East Memphis-Colonial-Yorkshire $92,000
Hickory Ridge-South Riverdale $81,200 Raleigh $69,900 Midtown $58,600
Parkway Village-Oakhaven $57,400 Shelby Forest-Frayser $43,000 Berclair-Highland Heights $42,500

Listings & Sales

Data through Jun 30, 2014
  • $69 Median list price / sq ft
  • $69 Median sale price / sq ft
  • 29.3% Listings with price cut
58.0%
Sold below listing
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Cordova-Appling Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,264 Cordova-Appling
$854 Memphis
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,150 Rent list price
  • $0.73 Rent list price / sq ft
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