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Affordable
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These days, finding an affordable place to live in the Cordova area can be challenging. Home prices in Cordova are now at a median cost of $397,276, higher than the Alaska average of $346,273.
The average cost of rent is $1,126/mo in Cordova, primarily driven by the current value of real estate in the Cordova area. In Cordova, 35.18% of households rent, and 63.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cordova is $6,244 per month. Households that rent pay about 18.03% of their income on rent here. Cordova’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Girdwood, AK: higher priced homes
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Cities with Similar Populations
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- Hickory Grove, VA: higher priced homes
- Hiram, OH: less expensive homes
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