The story of this market
The typical home in ZIP 38018 sells for about $293,750, or $142 per square foot.
Prices are down 2.9% from a year ago, which gives buyers more room to negotiate. Homes take about 70 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,716 a month.
ZIP 38018 — Cordova
The 38018 housing market is showing signs of stabilization after a period of price correction, with a median sale price of $293,750. While year-over-year prices have dipped slightly, the market remains competitive for well-priced inventory. Demand is supported by the area's affordability relative to the broader Memphis market and its proximity to major employment hubs.
This ZIP is well-suited for middle-income families and commuters who prioritize access to suburban amenities and major employment hubs in East Memphis. It offers a balance of affordability and convenience that appeals to first-time buyers and long-term residents.
Median prices moved down 2.9% year over year.
Homes spend a median of 70 days on market with 2.2 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 7.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 38018, Shelby County TN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Cordova area are generally considered moderate, with property crime being the primary concern compared to regional averages. Local law enforcement continues to focus on community-based policing to address neighborhood safety trends.
Schools serving the 38018 area are part of the Shelby County Schools district, with performance ratings varying significantly by individual campus. Many families seek out specific magnet or charter options within the broader Memphis area to supplement local public school offerings.
The area is primarily at risk for severe thunderstorms and occasional wind damage, with standard flood risks associated with local drainage basins. Property insurance premiums have seen upward pressure due to regional weather volatility.
Economic momentum is driven by proximity to the Memphis medical and logistics hubs, with ongoing retail and residential infill development. Infrastructure improvements along major corridors like Germantown Parkway continue to support commercial expansion.
Property taxes are assessed by the Shelby County Assessor based on a percentage of appraised value, with rates determined by the combined city and county tax levies. No state-level personal income tax applies, though local sales taxes are a primary revenue source for municipal services.
Residents typically rely on private vehicles for commuting, with major access provided by I-40 and Germantown Parkway. Transit options are limited, making the drive to downtown Memphis or the medical district the primary mode of transport.
The area features access to several community parks and greenbelts, with proximity to the Wolf River Greenway for outdoor activities. Shopping and dining are concentrated along the Germantown Parkway corridor, providing extensive retail options within a short drive.
The rental market is characterized by steady demand from commuters and families, with a mix of apartment complexes and single-family rentals. Vacancy rates remain low, and rent growth has stabilized following recent inflationary periods.
The local economy is anchored by the broader Memphis logistics, healthcare, and education sectors. Major employers include FedEx, St. Jude Children's Research Hospital, and various regional retail chains.
Transportation is dominated by highway access, specifically I-40 and I-240, which connect the area to the greater Memphis metropolitan region. Public transit is limited, with most residents relying on personal vehicles.
Development is focused on commercial revitalization along major thoroughfares and the conversion of older residential properties. No major mega-projects are currently slated for this specific ZIP code.
The Shelby County Assessor of Property manages assessments, with reappraisals occurring on a multi-year cycle to reflect market value changes.
Parcels are subject to Shelby County property taxes and various municipal service districts, including local utility and fire protection districts.
Property insurance remains stable but sensitive to regional weather patterns, with premiums reflecting the risk of wind and storm damage common in West Tennessee.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Dave & Buster's Memphis44.6 mi
- K1 Speed Memphis4.75.4 mi
- Urban Air Trampoline and Adventure Park4.21.6 mi
- Urban Air Trampoline and Adventure Park4.28.7 mi
- Jumping World4.15.5 mi
- Memphis Zoo4.613 mi
- FedExForum4.716.1 mi
- Crosstown Concourse4.714 mi
- Renasant Convention Center4.516.1 mi
- B.B. King's Blues Club4.616.2 mi
- Memphis Zoo4.613 mi
- Malco Paradiso4.57.4 mi
- Shelby Farms Park4.83.7 mi
- Memphis Botanic Garden4.78.8 mi
- Malco Collierville Towne Cinema Grill & MXT4.67.3 mi
- Graceland4.516 mi
- National Civil Rights Museum4.916.5 mi
- Crosstown Concourse4.714 mi
- Sun Studio4.815.3 mi
- Lorraine Motel4.916.5 mi
- Shelby Farms Park4.83.7 mi
- Memphis Botanic Garden4.78.8 mi
- Overton Park4.612.6 mi
- Crystal Shrine Grotto4.76.4 mi
- H.W. Cox Park4.67.2 mi
- Topgolf Memphis3.56.3 mi
- TPC Southwind4.85.6 mi
- Windyke Country Club4.86.5 mi
- Ridgeway Country Club4.85.6 mi
- The Links at Audubon4.28.8 mi
- Wolfchase Galleria4.24.5 mi
- Nordstrom Rack4.18.2 mi
- Frederick W. Smith International Airport4.213.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail system providing outdoor recreation and nature access.
Major commercial corridor featuring a high density of retail, restaurants, and services.
One of the largest urban parks in the country, located nearby and serving the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.