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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 38016 zip code in Cordova, TN?
Detailed Demographic Statistics
The zip code 38016 is in Shelby county, is in the state of Tennessee. This zip code contains two cities including Memphis, TN (56.07%), and Lakeland, TN (0.02%) The total land area is 19.1 square miles and the water area is 0.0 square miles.
The zip 38016 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 48,852 in 2019. This further breaks down to 22,000 males (45.0%) and 26,852 females (55.0%). The median age of residents is 34.7 years. The population density (people per square mile) is 2,557. This zip code has a combined total of 20,594 houses and condos. There are 8,546 rented appartments. 45% of residents rent versus the 45% of residents in the state who rent.
The average individual gross adjusted income is $56,777 and the average salary is $52,332. The estimated median household income of individuals is around $70,102. This zip code has a mean commute time to work of 27.0 minutes. The unemployment rate is 2.9%. 5.4% of residents live below poverty line versus the 13.9% in the state that are below this line. The cost of living index is 81.3. The educational breakdown is 95.2% have a high school education or higher, 42.7% have a bachelor's degree or higher, and 16.0% have some kind of profesional degree.
The average size of households is 2.6 people. Individuals who are single and have never been married are 35.1%, 47.8% are now married, 2.4% are separated, 4.3% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $5,529 versus the state average of $6,709. The percent of residents who gave to charity was 32.5%.
The estimated median value of houses and condos is $194,833. The median monthly owner costs of mortgage holders was $1,565, where as the costs for those who don't have a mortgage are $569. The median number of rooms in houses and condos are 7.1 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $2,725. In comparision, the average real estate tax percent rate in the state is 0.6% which equated to an average real estate tax amount payment in the state of $1,220. The median housing property tax percent for residents with mortgages was 1.4% which amounted to an average tax amount of $2,660. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $2,970. Reported taxable interest for persons was $1,298, dividends $4,106, capital gains +$8,067, and itemized deductions $21,088. The average earned income tax credit is $2,358. The percent of individuals that use a tax preparer is 44.9%. The total average income taxes paid by individuals was $4,700. Businesses reported an average profit of $10,183.Local Restaurants
Outback Steakhouse
1110 N Germantown Pkwy, Cordova, TN 38016
Bonefish Grill
1250 N Germantown Pkwy, Memphis, TN 38016
Romano's Macaroni Grill
2859 N Germantown Pkwy, Cordova, TN 38016
Mevell's BBQ Pit
10581 Macon Rd, Cordova, TN 38016
Humdingers Germantown Parkway
1134 N Germantown Pkwy Ste 106, Cordova, TN 38016
J. Alexander's
2670 N Germantown Pkwy, Cordova, TN 38016
Cheddar's Scratch Kitchen
2147 N Germantown Pkwy, Cordova, TN 38016
Cordova Catfish
1890 Berryhill Rd, Cordova, TN 38016
Lenny's Wolf Chase
2382 N Germantown Pkwy, Cordova, TN 38016
TJ Mulligan's Hwy 64
2821 N Houston Levee Rd, Cordova, TN 38016
La Hacienda Mexican Restaurant
1760 N Germantown Pkwy, Cordova, TN 38016
Pei Wei
2257 N Germantown Pkwy, Cordova, TN 38016
Pacific Fusion
1140 N Germantown Pkwy, Cordova, TN 38016
Fulin Chinese Restaurant
1351 N Germantown Pkwy, Cordova, TN 38016
Nearby Restaurants
The Seafood Shack And More
1136 Breezy Valley Dr, Cordova, TN 38018 (0.3 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
