The typical owner-occupied home in Cordova is worth about $320,400, 24% below the Maryland median of $419,900 and 4% below the national median of $332,700. Owners pay a median $1,422 a year in property taxes, about 0.44% of their home's value, lower than the Maryland rate of 0.97%. The median household earns $64,196 a year, so the median home costs 5.0 times the median income (4.1 times for Maryland). 100% of occupied homes here are lived in by their owners, and 73% of those owners still have a mortgage.
Cordova at a glance
| Cordova | Maryland | U.S. | |
|---|---|---|---|
| Median home value | $320,400 | $419,900 | $332,700 |
| Median property tax paid per year | $1,422 | $4,093 | $3,119 |
| Property tax as a share of value | 0.44% | 0.97% | 0.94% |
| Median household income | $64,196 | $103,678 | $80,734 |
| Homes lived in by their owners | 100% | 68% | 65% |
| Owner homes with a mortgage | 73% | 71% | 61% |
| Median monthly costs, owners with a mortgage | $1,550 | $2,347 | $1,963 |
| Those costs as a share of the owners' income | 31.3% | 20.5% | 21.0% |
| Median rent | – | $1,705 | $1,413 |
| Median year homes were built | 1938 | 1979 | 1980 |
| Vacant homes | 23.9% | 7.7% | 10.1% |
| Population | 448 | 6,206,011 | 334,922,499 |
What a typical home costs per month in Cordova
At this week's average 30-year rate of 7.11%, buying the median Cordova home of $320,400 with 20% down costs about $1,975 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,509, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $84,654 for the 20%-down payment. That payment is 37% of the median Cordova household income of $64,196; at that income and 20% down, the 28% guideline points to a home of about $243,000.
| Down payment | $64,080 |
|---|---|
| Loan amount | $256,320 |
| Principal and interest | $1,724 |
| Property taxes (0.44% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| PMI | $0 |
| Total per month | $1,975 |
Change the numbers in the calculator
| Down payment | $11,214 |
|---|---|
| Loan amount | $314,597 |
| Principal and interest | $2,116 |
| Property taxes (0.44% a year) | $117 |
| Homeowners insurance (our estimate, 0.5% a year) | $134 |
| FHA mortgage insurance | $142 |
| Total per month | $2,509 |
Change the numbers in the calculator
Questions about home buying in Cordova
What is the median home value in Cordova?
About $320,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cordova?
Homeowners pay a median $1,422 a year, which is about 0.44% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cordova?
For the median home with 20% down at 7.11%, the payment is about $1,975 a month. Keeping that under 28% of gross income takes about $84,654 a year.
More about Cordova
- Mortgage Refinance in Cordova
- Debt Relief in Cordova
- Home Equity Loans in Cordova
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data