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Cleveland, TN—37312

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$344,000
0.2% YoY Growth
Household Income
$75,400
38.0% YoY Growth
Days on Market
81
21.0% Shorter YoY
Home Price Forecast
3.4%
Median Rent
$1,340
13.2% YoY Growth
1-Bed Rent
$925
22.6% YoY Growth
2-Bed Rent
$1,250
3.1% YoY Growth
3-Bed Rent
$1,750
1.0% YoY Growth

Other Zip Codes in Cleveland, TN

373103732337311
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Cleveland, TN

As of Dec '25, the median home price in Cleveland, TN is $344,000, with a year-over-year change of -0.2%. This indicates that home prices in Cleveland, TN are flat. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$344,000-0.2%
Single Family $346,0000.3%
Condos $259,0001.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$255,0000.4%
    3 Bed
    		$350,0000.9%
    4 Bed
    		$449,0000.7%
    5 Bed $564,3960.4%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    4.8%
    2 Bedrooms
    29.0%
    3 Bedrooms
    43.3%
    4 Bedrooms
    17.2%
    5+ Bedrooms
    5.3%

    Rental Trends — Cleveland, TN

    As of July '25, Rentcast reports the average rent in Cleveland, TN is $1,450, with a year-over-year rent change of -13.2%. Per bedroom, the median rent as of July '25 in Cleveland, TN is studios: $625, 1-bedrooms: $981, 2-bedrooms: $1,320, 3-bedrooms: $1,890, 4-bedrooms: $2,250. The most common rental property sizes in Cleveland, TN are 2-bedroom and 3-bedroom, accounting for 66.1% and 16.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,340$1,450
    Studio Rent $625$625
    1 Bed Rent $925$981
    2 Bed Rent $1,250$1,320
    3 Bed Rent $1,750$1,890
    4 Bed Rent $2,300$2,250
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    % of Rental Stock

    Studio
    0.3%
    1 Bedroom
    13.8%
    2 Bedrooms
    66.1%
    3 Bedrooms
    16.5%
    4 Bedrooms
    2.7%
    5+ Bedrooms
    0.7%

    Property Listings — Cleveland, TN

    As of Dec '25, Realtor.com reports that the median days on market for a home in Cleveland, TN is 68. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$400,00011.0%
    Listing Count
    		2732.0%
    Listings as % of Homes1.4%2.0%
    Days on Market
    		81-21.0%
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    Demographics — Cleveland, TN

    As of the latest ACS Survey released in 2023, Cleveland, TN has a population of 36,900, which has increased by 7.0% over the past 5 years. Cleveland, TN is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 36.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		36,9007.0%
    % Under 18
    		22.3%-0.4%
    % Seniors
    		20.4%7.9%
    % WFH
    		10.0%96.1%
    % w/ College Degree
    		36.3%21.4%
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    As of the latest ACS Survey released in 2023, Cleveland, TN is a predominantly white area, with 81.5% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Cleveland, TN is hispanic, making up 6.8% of the population. Foreign-born residents account for 7.2% of the population in Cleveland, TN, and this percentage has decreased by 15.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		81.5%-2.3%
    % Black
    		4.5%-16.7%
    % Hispanic
    		6.8%4.6%
    % Asian
    		2.9%16.0%
    % Foreign Born
    		7.2%-15.3%
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    Mortgage and Risk — Cleveland, TN

    According to HUD data as of 2023, there were 826 mortgage originations in Cleveland, TN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Cleveland, TN. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		826
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Cleveland, TN

    As of 2024, the percent of homes in Cleveland, TN under the Section 8 program is 2.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cleveland, TN, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		90
    Total Units Section 8
    		89
    % Rentals under Section 8
    		2.1%
    % Occupied Section 8
    		77.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$125$925$1,050
    2 Bedroom$130$1,250$1,380
    3 Bedroom$50$1,750$1,800
    4 Bedroom-$470$2,300$1,830

    Affordability — Cleveland, TN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.1
    Median Home Price$344,000
    Median Household Income$75,400

    Cleveland, TN — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Georgetown, TN

    37336

    Cleveland, TN

    37310

    Cleveland, TN

    37311

    Cleveland, TN

    37323

    Calhoun, TN

    37309

    Frequently Asked Questions