Cordova North median real estate price is $327,833, which is more expensive than 54.6% of the neighborhoods in Tennessee and 44.2% of the neighborhoods in the U.S.
The average rental price in Cordova North is currently $2,814, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 89.0% of the neighborhoods in Tennessee.
Cordova North is a suburban neighborhood (based on population density) located in Memphis, Tennessee.
Cordova North real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Cordova North neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Real estate vacancies in Cordova North are 5.3%, which is lower than one will find in 64.2% of American neighborhoods. Demand for real estate in Cordova North is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Memphis, the Cordova North neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Most neighborhoods are composed of a mixture of ages of homes, but the Cordova North stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 83.9% of the residential real estate here was built in this one time period.
With a nice mix of college students, safety from crime, and decent walkability, the Cordova North neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 86.3% of the neighborhoods in TN. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.
Did you know that the Cordova North neighborhood has more Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Swiss ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Cordova North neighborhood in Memphis are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 60.1% of the neighborhoods in America. In addition, 9.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 52.5% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Cordova North neighborhood, 37.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (17.6%), and 16.5% in clerical, assistant, and tech support occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Cordova North neighborhood is English, spoken by 91.1% of households. Other important languages spoken here include Spanish and Chinese.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Cordova North neighborhood in Memphis, TN, residents most commonly identify their ethnicity or ancestry as English (8.9%). There are also a number of people of Asian ancestry (5.6%), and residents who report German roots (5.5%), and some of the residents are also of Italian ancestry (5.3%), along with some South American ancestry residents (4.2%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Cordova North neighborhood spend between 15 and 30 minutes commuting one-way to work (37.1% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (83.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (8.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.