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Cordes Lakes

Learn about the people, housing, costs and businesses in Cordes Lakes, Arizona

Median Home$230,009
Median Rent$1,275/month
Population2,819
Leading IndustriesProfessional Services · Retail · Information & Media11% professional services
Home Value Growth+4.7% over 2 years
Retirees21% of residentsnear the national average
Homeowners90% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Cordes Lakes
AZ

Frequently Asked Questions

What are today's mortgage rates in Cordes Lakes?

As of today, the 30-year fixed mortgage rate for Cordes Lakes is approximately 7.002% (7.042% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cordes Lakes?

The median home value in Cordes Lakes is $230k. The median monthly rent is $1,275. Annual property taxes average $742. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cordes Lakes?

Home values in Cordes Lakes have increased 4.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cordes Lakes?

Based on a typical all-in ownership cost of $940/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cordes Lakes is $57k/year.

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What industries drive the economy in Cordes Lakes?

The largest employment sectors in Cordes Lakes are retail (26%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.