I own a crashpad in Cordova, not a great area. A lot of Cordova has been annexed and as a property owner up there looking to one day get rid of my house, investing in property in that area is a mistake. Schools are terrible and the less than desirables are starting to move in. I have been in Memphis for 14 years so far and am about to move to Jersey so I know what your dealing with while looking for a home in a not so great area. I would definitely recommend looking hard in Germantown and Collierville. These areas are not expensive at all if you look at the average in most places in the states. G'town has great ordinances that keep it looking good and you would be living in a safer area within a descent commute. Collierville is a little further, but a little more affordable and just as safe with descent schools. North MS is not too bad, so as suggested above I would check out those areas. Corinth as stated is ridiculously far, that one must have been a mistake. Good Luck with your search!