Median home value in zip code 38016 (Cordova, TN) is $292,519, down 2.0% year over year. Part of the Memphis, TN-MS-AR metropolitan area.

Home Value$292,519

YoY Change

-2.0%

Prices falling — better for buyers.

Affordability

Enter your income for 38016 (Cordova).

Income (annual)

Down Payment

$58,504 on $292,519

Example: $75,000 household income. Change it above to see your own.

Stretch30.7% of income

Above 28% but manageable with cuts.

PITI$1,919

P/I30.7%

Afford$267K

Gap-$26K

P&I $1,479Tax $273Ins $167

6.50% 30yr, 20% down, county tax + TN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

38016 is part of the Memphis, TN-MS-AR metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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